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

Alireza Soroudi and Turaj Amraee

Renewable and Sustainable Energy Reviews, 2013, vol. 28, issue C, 376-384

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.

Keywords: Fuzzy arithmetic; Info-gap decision theory; Probabilistic modeling; Robust optimization; Interval based analysis; Z-number (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (84)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:28:y:2013:i:c:p:376-384

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DOI: 10.1016/j.rser.2013.08.039

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