Optimal production planning under time-sensitive electricity prices for continuous power-intensive processes.
Sumit MitraIgnacio E. GrossmannJosé Mauricio PintoNikhil AroraPublished in: Comput. Chem. Eng. (2012)
Keyphrases
- production planning
- electricity markets
- production cost
- market clearing
- optimal control problems
- power generation
- multi period
- integer programming
- optimal control
- power grid
- knapsack problem
- mixed integer programming
- lot size
- dynamic programming
- electric power
- lot sizing
- infinite horizon
- optimal solution
- planning horizon
- planning process
- market participants
- machine learning
- long run
- lower bound
- cost function
- optimal strategy
- software agents
- worst case