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Welfare-maximizing transmission capacity expansion under uncertainty

S. Wogrin, D.A. Tejada, A. Downward, A.B. Philpott

Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences Vol. 379, nº. 2202, pp. 20190436-1 - 20190436-22

Resumen:

We apply the JuDGE optimization package to a multistage stochastic leader–follower model that determines a transmission capacity expansion plan to maximize expected social welfare of consumers and producers who act as Cournot oligopolists in each time period. The problem is formulated as a large-scale mixed integer programme and applied to a 5-bus instance over scenario trees of varying size. The computational effort required by JuDGE is compared with solving the deterministic equivalent mixed integer programme using a state-of-the-art integer programming package.


Palabras Clave: stochastic optimization, JuDGE, transmission expansion planning, bilevel programming


Índice de impacto JCR y cuartil WoS: 4,019 - Q2 (2021); 4,300 - Q1 (2023)

Referencia DOI: DOI icon https://doi.org/10.1098/rsta.2019.0436

Publicado en papel: Julio 2021.

Publicado on-line: Junio 2021.



Cita:
S. Wogrin, D.A. Tejada, A. Downward, A.B. Philpott, Welfare-maximizing transmission capacity expansion under uncertainty. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences. Vol. 379, nº. 2202, pp. 20190436-1 - 20190436-22, Julio 2021. [Online: Junio 2021]


    Líneas de investigación:
  • Planificación integrada de generación y transporte
  • Modelos EPEC y MPEC

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