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Stochastic Optimization in Generation and Trading Planning

In: Operations Research Proceedings 2006

Author

Listed:
  • Thomas Hartmann

    (RWTH)

  • Boris Blaesig

    (RWTH)

  • Gerd Hinüber

    (RWTH)

  • Hans-Jürgen Haubrich

    (RWTH)

Abstract

In the process of the generation and trading planning, generation companies maximize the contribution margin, i.e. the difference of the revenues of energy trades and the costs for generating and purchasing electrical energy. The planning time horizon of this process covers a period of one month to one year. The complex planning task necessitates the application of computer-based tools [1]. Due to structural changes within the power industry, these tools have to be adapted continuously to the new conditions.

Suggested Citation

  • Thomas Hartmann & Boris Blaesig & Gerd Hinüber & Hans-Jürgen Haubrich, 2007. "Stochastic Optimization in Generation and Trading Planning," Operations Research Proceedings, in: Karl-Heinz Waldmann & Ulrike M. Stocker (ed.), Operations Research Proceedings 2006, pages 259-264, Springer.
    • Handle: RePEc:spr:oprchp:978-3-540-69995-8_43
    DOI: 10.1007/978-3-540-69995-8_43
    as

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