A discrete model for optimal operation of fossil-fuel generators of electricity

Pawel J. Kalczynski

European Journal of Operational Research, 2012, vol. 216, issue 3, 679-686

Abstract: This paper presents a new discrete approach to the price-based dynamic economic dispatch (PBDED) problem of fossil-fuel generators of electricity. The objective is to find a sequence of generator temperatures that maximizes profit over a fixed-length time horizon. The generic optimization model presented in this paper can be applied to automatic operation of fossil-fuel generators or to prepare market bids, and it works with various price forecasts. The model’s practical applications are demonstrated by the results of simulation experiments involving 2009 NYISO electricity market data, branch-and-bound, and tabu-search optimization techniques.

Keywords: OR in energy; Price-based dynamic economic dispatch; Power generation; Tabu search (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:216:y:2012:i:3:p:679-686

DOI: 10.1016/j.ejor.2011.08.003

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