A combined SDDP/Benders decomposition approach with a risk-averse surface concept for reservoir operation in long term power generation planning.
Andre Luiz DinizMaria Elvira Piñeiro MaceiraCesar Luis V. VasconcellosDébora Dias Jardim PennaPublished in: Ann. Oper. Res. (2020)
Keyphrases
- power generation
- risk averse
- stochastic programming
- short term
- long term
- benders decomposition
- linear program
- multistage
- mixed integer
- power system
- power plant
- decision makers
- utility function
- neural network
- robust optimization
- production cost
- decision theoretic
- production planning
- markov decision processes
- expected utility
- special case
- evolutionary algorithm