Optimal Hour-Ahead Bidding in the Real-Time Electricity Market with Battery Storage Using Approximate Dynamic Programming.
Daniel R. JiangWarren B. PowellPublished in: INFORMS J. Comput. (2015)
Keyphrases
- approximate dynamic programming
- electricity markets
- stochastic dynamic programming
- dynamic programming
- bidding strategies
- linear program
- profit maximizing
- electric power
- market clearing
- control policy
- reinforcement learning
- step size
- power generation
- average cost
- software agents
- optimal solution
- optimal control
- long run
- business models
- computational complexity
- learning algorithm