Stabilized Benders decomposition for energy planning under climate uncertainty

Leonard Göke, Felix Schmidt and Mario Kendziorski

European Journal of Operational Research, 2024, vol. 316, issue 1, 183-199

Abstract: This paper applies Benders decomposition to two-stage stochastic problems for energy planning under climate uncertainty, a key problem for the design of renewable energy systems. To improve performance, we adapt various refinements for Benders decomposition to the problem’s characteristics—a simple continuous master-problem, and few but large sub-problems. The primary focus is stabilization, specifically comparing established bundle methods to a quadratic trust-region approach for continuous problems.

Keywords: OR in energy; Large scale optimization; Benders decomposition; Stabilization; Climate uncertainty (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:316:y:2024:i:1:p:183-199

DOI: 10.1016/j.ejor.2024.01.016

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