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Decision making under uncertainty in energy systems: State of the art

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  • Soroudi, Alireza
  • Amraee, Turaj

Abstract

The energy system studies include a wide range of issues from short term (e.g. real-time, hourly, daily and weekly operating decisions) to long term horizons (e.g. planning or policy making). The decision making chain is fed by input parameters which are usually subject to uncertainties. The art of dealing with uncertainties has been developed in various directions and has recently become a focal point of interest. In this paper, a new standard classification of uncertainty modeling techniques for decision making process is proposed. These methods are introduced and compared along with demonstrating their strengths and weaknesses. The promising lines of future researches are explored in the shadow of a comprehensive overview of the past and present applications. The possibility of using the novel concept of Z-numbers is introduced for the first time.

Suggested Citation

  • Soroudi, Alireza & Amraee, Turaj, 2013. "Decision making under uncertainty in energy systems: State of the art," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 376-384.
    • Handle: RePEc:eee:rensus:v:28:y:2013:i:c:p:376-384
    DOI: 10.1016/j.rser.2013.08.039
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    References listed on IDEAS

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    1. Soroudi, Alireza & Ehsan, Mehdi, 2011. "A possibilistic-probabilistic tool for evaluating the impact of stochastic renewable and controllable power generation on energy losses in distribution networks--A case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 794-800, January.
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    3. Antonio J. Conejo & Miguel Carrión & Juan M. Morales, 2010. "Decision Making Under Uncertainty in Electricity Markets," International Series in Operations Research and Management Science, Springer, number 978-1-4419-7421-1, July-Dece.
    4. Dimitris Bertsimas & Melvyn Sim, 2004. "The Price of Robustness," Operations Research, INFORMS, vol. 52(1), pages 35-53, February.
    5. Gouveia, Eduardo M. & Matos, Manuel A., 2009. "Symmetric AC fuzzy power flow model," European Journal of Operational Research, Elsevier, vol. 197(3), pages 1012-1018, September.
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