Towards an auction-driven gas supply: a simulation-based optimization framework for utilities

F J Otamendi and Luis Doncel Pedrera ()
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F J Otamendi: Universidad Rey Juan Carlos, Madrid, Spain

Journal of the Operational Research Society, 2012, vol. 63, issue 9, 1189-1198

Abstract: A platform for the study of the whole transmission problem (arrival of ships, regasification, transportation and distribution) faced by gas utilities companies is proposed. The main objective of this research is to develop a platform that includes the analysis of the new capacity auctions (and not the traditional commodity auctions) that will govern the supply chain in the near future. A simulation-optimization approach has been used to favour the more realistic abstraction of the system. The discrete-event model includes a genetic algorithm to reach the solution in a satisfactory short time, a requisite in auction markets. Design and optimization studies for the utilities are addressed using the platform, which has been validated with real data for one of the main zones in the Spanish market.

Date: 2012
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