IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v28y2013icp376-384.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032113005790
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.rser.2013.08.039?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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, December.
    2. Dimitris Bertsimas & Melvyn Sim, 2004. "The Price of Robustness," Operations Research, INFORMS, vol. 52(1), pages 35-53, February.
    3. 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.
    4. Zhu, Y. & Li, Y.P. & Huang, G.H., 2012. "Planning municipal-scale energy systems under functional interval uncertainties," Renewable Energy, Elsevier, vol. 39(1), pages 71-84.
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guanglei Wang & Hassan Hijazi, 2018. "Mathematical programming methods for microgrid design and operations: a survey on deterministic and stochastic approaches," Computational Optimization and Applications, Springer, vol. 71(2), pages 553-608, November.
    2. Wafa Nafkha-Tayari & Seifeddine Ben Elghali & Ehsan Heydarian-Forushani & Mohamed Benbouzid, 2022. "Virtual Power Plants Optimization Issue: A Comprehensive Review on Methods, Solutions, and Prospects," Energies, MDPI, vol. 15(10), pages 1-20, May.
    3. Lima, Ricardo M. & Novais, Augusto Q. & Conejo, Antonio J., 2015. "Weekly self-scheduling, forward contracting, and pool involvement for an electricity producer. An adaptive robust optimization approach," European Journal of Operational Research, Elsevier, vol. 240(2), pages 457-475.
    4. Hanif, Sarmad & Alam, M.J.E. & Fotedar, Vanshika & Crawford, Alasdair & Vartanian, Charlie & Viswanathan, Vilayanur, 2022. "Managing the techno-economic impacts of partial string failure in multistring energy storage systems," Applied Energy, Elsevier, vol. 307(C).
    5. Zio, Enrico & Aven, Terje, 2011. "Uncertainties in smart grids behavior and modeling: What are the risks and vulnerabilities? How to analyze them?," Energy Policy, Elsevier, vol. 39(10), pages 6308-6320, October.
    6. Jianwen Ren & Yingqiang Xu & Shiyuan Wang, 2018. "A Distributed Robust Dispatch Approach for Interconnected Systems with a High Proportion of Wind Power Penetration," Energies, MDPI, vol. 11(4), pages 1-18, April.
    7. Li, Xingchen & Xu, Guangcheng & Wu, Jie & Xu, Chengzhen & Zhu, Qingyuan, 2024. "Evaluation of bank efficiency by considering the uncertainty of nonperforming loans," Omega, Elsevier, vol. 126(C).
    8. Yasemin Merzifonluoglu & Eray Uzgoren, 2018. "Photovoltaic power plant design considering multiple uncertainties and risk," Annals of Operations Research, Springer, vol. 262(1), pages 153-184, March.
    9. Wenqing Chen & Melvyn Sim & Jie Sun & Chung-Piaw Teo, 2010. "From CVaR to Uncertainty Set: Implications in Joint Chance-Constrained Optimization," Operations Research, INFORMS, vol. 58(2), pages 470-485, April.
    10. Zhi Chen & Melvyn Sim & Huan Xu, 2019. "Distributionally Robust Optimization with Infinitely Constrained Ambiguity Sets," Operations Research, INFORMS, vol. 67(5), pages 1328-1344, September.
    11. Stefan Mišković, 2017. "A VNS-LP algorithm for the robust dynamic maximal covering location problem," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(4), pages 1011-1033, October.
    12. Sarhadi, Hassan & Naoum-Sawaya, Joe & Verma, Manish, 2020. "A robust optimization approach to locating and stockpiling marine oil-spill response facilities," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    13. Li, Shukai & Liu, Ronghui & Yang, Lixing & Gao, Ziyou, 2019. "Robust dynamic bus controls considering delay disturbances and passenger demand uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 123(C), pages 88-109.
    14. Jeong, Jaehee & Premsankar, Gopika & Ghaddar, Bissan & Tarkoma, Sasu, 2024. "A robust optimization approach for placement of applications in edge computing considering latency uncertainty," Omega, Elsevier, vol. 126(C).
    15. Chassein, André & Dokka, Trivikram & Goerigk, Marc, 2019. "Algorithms and uncertainty sets for data-driven robust shortest path problems," European Journal of Operational Research, Elsevier, vol. 274(2), pages 671-686.
    16. Pandžić, Hrvoje & Kuzle, Igor & Capuder, Tomislav, 2013. "Virtual power plant mid-term dispatch optimization," Applied Energy, Elsevier, vol. 101(C), pages 134-141.
    17. Wang, Dongxiao & Qiu, Jing & Reedman, Luke & Meng, Ke & Lai, Loi Lei, 2018. "Two-stage energy management for networked microgrids with high renewable penetration," Applied Energy, Elsevier, vol. 226(C), pages 39-48.
    18. Sadeghian, Omid & Mohammadpour Shotorbani, Amin & Mohammadi-Ivatloo, Behnam & Sadiq, Rehan & Hewage, Kasun, 2021. "Risk-averse maintenance scheduling of generation units in combined heat and power systems with demand response," Reliability Engineering and System Safety, Elsevier, vol. 216(C).
    19. Akhtar Hussain & Van-Hai Bui & Hak-Man Kim, 2016. "Robust Optimization-Based Scheduling of Multi-Microgrids Considering Uncertainties," Energies, MDPI, vol. 9(4), pages 1-21, April.
    20. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:28:y:2013:i:c:p:376-384. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.