Energy companies support their decision-making process with detailed market models. Decisions include budget elaboration, assets management or contracts exercise. Depending on the level of detail, a simulation may take from minutes to hours to be solved. Due to last years electricity and gas markets integration, companies have found new business opportunities in joint operations. A single integrated market model may become intractable or require excessive simplification. An iterative method for coupling two large market models is proposed. Robust profit-maximizing decisions are achieved.
20th Conference of the International Federation of Operational Research Societies - IFORS 2014, Barcelona (España). 13 julio 2014
Fecha de publicación: julio 2014.
P. Dueñas, An iterative method for coupling computationally heavy profit-maximizing electricity and gas market models, 20th Conference of the International Federation of Operational Research Societies - IFORS 2014. Barcelona, España, 13-18 Julio 2014