Stochastic programming for optimizing bidding strategies of a Nordic hydropower producer.
Stein-Erik FletenTrine Krogh KristoffersenPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- stochastic programming
- multistage
- bidding strategies
- chance constrained
- electricity markets
- linear program
- dynamic programming
- market participants
- online auctions
- asset liability management
- test bed
- market clearing
- budget constraints
- resource allocation
- expected utility
- auction mechanisms
- robust optimization
- lot sizing
- power generation
- continuous double auctions
- empirical data
- np hard
- special case
- bayesian networks
- theoretical framework
- optimal policy
- sealed bid auctions
- lower bound
- multi agent systems