scholarly journals A Data-Driven Scheduling Approach for Hydrogen Penetrated Energy System Using LSTM Network

2019 ◽  
Vol 11 (23) ◽  
pp. 6784
Author(s):  
Suyang Zhou ◽  
Di He ◽  
Zhiyang Zhang ◽  
Zhi Wu ◽  
Wei Gu ◽  
...  

Intra-day control and scheduling of energy systems require high-speed computation and strong robustness. Conventional mathematical driven approaches usually require high computation resources and have difficulty handling system uncertainties. This paper proposes two data-driven scheduling approaches for hydrogen penetrated energy system (HPES) operational scheduling. The two data-driven approaches learn the historical optimization results calculated out using the mixed integer linear programing (MILP) and conditional value at risk (CVaR), respectively. The intra-day rolling optimization mechanism is introduced to evaluate the proposed data-driven scheduling approaches, MILP data-driven approach and CVaR data-driven approach, along with the forecasted renewable generation and load demands. Results show that the two data-driven approaches have lower intra-day operational costs compared with the MILP based method by 1.17% and 0.93%. In addition, the combined cooling and heating plant (CCHP) has a lower frequency of changing the operational states and power output when using the MILP data-driven approach compared with the mathematical driven approaches.

Author(s):  
Hêriş Golpîra

This paper proposes a model to formulate a supply chain network design (SCND) problem against uncertainty. The objective of the model is to minimize total cost of the network. The model employs risk averseness of retailers to obtain more realistic model regarding uncertain demand. Using Conditional Value at Risk (CVaR) to deal with this uncertainty makes the model to be robust. In this way, data-driven approach is used to avoid any distributional assumptions because realizations of uncertain parameters are the only information obtainable. This approach reformulates the initial uncertain model as a mixed integer linear programming problem. Numerical results show that the proposed model is efficient for robust SCND with respect to retailers risk averseness.


2021 ◽  
Author(s):  
Xuecheng Yin ◽  
Esra Buyuktahtakin

Existing compartmental-logistics models in epidemics control are limited in terms of optimizing the allocation of vaccines and treatment resources under a risk-averse objective. In this paper, we present a data-driven, mean-risk, multi-stage, stochastic epidemics-vaccination-logistics model that evaluates various disease growth scenarios under the Conditional Value-at-Risk (CVaR) risk measure to optimize the distribution of treatment centers, resources, and vaccines, while minimizing the total expected number of infections, deaths, and close contacts of infected people under a limited budget. We integrate a new ring vaccination compartment into a Susceptible-Infected-Treated-Recovered-Funeral-Burial epidemics-logistics model. Our formulation involves uncertainty both in the vaccine supply and the disease transmission rate. Here, we also consider the risk of experiencing scenarios that lead to adverse outcomes in terms of the number of infected and dead people due to the epidemic. Combining the risk-neutral objective with a risk measure allows for a trade-off between the weighted expected impact of the outbreak and the expected risks associated with experiencing extremely disastrous scenarios. We incorporate human mobility into the model and develop a new method to estimate the migration rate between each region when data on migration rates is not available. We apply our multi-stage stochastic mixed-integer programming model to the case of controlling the 2018-2020 Ebola Virus Disease (EVD) in the Democratic Republic of the Congo (DRC) using real data. Our results show that increasing the risk-aversion by emphasizing potentially disastrous outbreak scenarios reduces the expected risk related to adverse scenarios at the price of the increased expected number of infections and deaths over all possible scenarios. We also find that isolating and treating infected individuals are the most efficient ways to slow the transmission of the disease, while vaccination is supplementary to primary interventions on reducing the number of infections. Furthermore, our analysis indicates that vaccine acceptance rates affect the optimal vaccine allocation only at the initial stages of the vaccine rollout under a tight vaccine supply.


Author(s):  
Pierpaolo De Filippi ◽  
Simone Formentin ◽  
Sergio M. Savaresi

The design of an active stability control system for two-wheeled vehicles is a fully open problem and it constitutes a challenging task due to the complexity of two-wheeled vehicles dynamics and the strong interaction between the vehicle and the driver. This paper describes and compares two different methods, a model-based and a data-driven approach, to tune a Multi-Input-Multi-Output controller which allows to enhance the safety while guaranteeing a good driving feeling. The two strategies are tested on a multibody motorcycle simulator on challenging maneuvers such as kick-back and strong braking while cornering at high speed.


2019 ◽  
Vol 181 (2) ◽  
pp. 473-507 ◽  
Author(s):  
E. Ruben van Beesten ◽  
Ward Romeijnders

Abstract In traditional two-stage mixed-integer recourse models, the expected value of the total costs is minimized. In order to address risk-averse attitudes of decision makers, we consider a weighted mean-risk objective instead. Conditional value-at-risk is used as our risk measure. Integrality conditions on decision variables make the model non-convex and hence, hard to solve. To tackle this problem, we derive convex approximation models and corresponding error bounds, that depend on the total variations of the density functions of the random right-hand side variables in the model. We show that the error bounds converge to zero if these total variations go to zero. In addition, for the special cases of totally unimodular and simple integer recourse models we derive sharper error bounds.


2021 ◽  
Vol 3 (2) ◽  
Author(s):  
Yi Zheng ◽  
Xiaoqing Bai

AbstractWind power's uncertainty is from the intermittency and fluctuation of wind speed, which brings a great challenge to solving the power system's dynamic economic dispatch problem. With the wind-storage combined system, this paper proposes a dynamic economic dispatch model considering AC optimal power flow based on Conditional Value-at-Risk ($$CVaR$$ CVaR ). Since the proposed model is hard to solve, we use the big-M method and second-order cone description technique to transform it into a trackable mixed-integer second-order conic programming (MISOCP) model. By comparing the dispatching cost of the IEEE 30-bus system and the IEEE 118-bus system at different confidence levels, it is indicated that $$CVaR$$ CVaR method can adequately estimate dispatching risk and assist decision-makers in making reasonable dispatching schedules according to their risk tolerance. Meanwhile, the optimal operational energy storage capacity and initial/final energy storage state can be determined by analyzing the dispatching cost risk under different storage capacities and initial/final states.


2021 ◽  
Vol 2021 ◽  
pp. 1-19
Author(s):  
Dongqing Luan ◽  
Chuming Wang ◽  
Zhong Wu ◽  
Zhijie Xia

Investment portfolio can provide investors with a more robust financial management plan, but the uncertainty of its parameters is a key factor affecting performance. This paper conducts research on investment portfolios and constructs a two-stage mixed integer programming (TS-MIP) model, which comprehensively considers the five dimensions of profit, diversity, skewness, information entropy, and conditional value at risk. But the deterministic TS-MIP model cannot cope with the uncertainty. Therefore, this paper constructs a two-stage robust optimization (TS-RO) model by introducing robust optimization theory. In case experiments, data crawler technology is used to obtain actual data from real websites, and a variety of methods are used to verify the effectiveness of the proposed model in dealing with uncertainty. The comparison of models found that, compared with the traditional equal weight model, the investment benefits of the TS-MIP model and the TS-RO model proposed have been improved. Among them, the Sharpe ratio, Sortino ratio, and Treynor ratio have the largest increase of 19.30%, 8.25%, and 7.34%, respectively.


2020 ◽  
Author(s):  
Bernard Dusseault ◽  
Philippe Pasquier

<p>The design by optimization of hybrid ground-coupled heat pump (Hy-GCHP) systems is a complex process that involves dozens of parameters, some of which cannot be known with absolute certainty. Therefore, designers face the possibility of under or oversizing Hy-GCHP systems as a result of those uncertainties. Of course, both situations are undesirable, either raising upfront costs or operating costs. The most common way designers try to evaluate their impacts and prepare the designs against unforeseen conditions is to use sensitivity analyses, an operation that can only be done after the sizing.</p><p>Traditional stochastic methods, like Markov chain Monte Carlo, can handle uncertainties during the sizing, but come at a high computational price paid for in millions of simulations. Considering that individual simulation of Hy-GCHP system operation during 10 or 20 years can range between seconds and minutes, millions of simulations are therefore not a realistic approach for design under uncertainty. Alternative stochastic design methodologies are exploited in other fields with great success that do not require nearly as many simulations. This is the case for the conditional-value-at-risk (CVaR) in the financial sector and for the net present value-at-risk (NPVaR) in civil engineering. Both financial indicators are used as objective functions in their respective fields to consider uncertainties. To do that, they involve distributions of uncertain parameters but only focus on the tail of distributions. This results in quicker optimizations but also in more conservative designs. This way, they remain profitable even when faced with extremely unfavorable conditions.</p><p>In this work, we adapt the NPVaR to make the sizing of Hy-GCHP systems under uncertainties viable. The mixed-integer non-linear optimization algorithm used jointly with the NPVaR, the Hy-GCHP simulation algorithm and the g-function assessment methods used are presented broadly, all of which are validated in this work or in referenced publications. The way in which the NPVaR is implemented is discussed, more specifically how computation time can be further reduced using a clever implementation without sacrificing its conservative property. The implications of using the NPVaR over a deterministic algorithm are investigated during a case study that revolves around the design of an Hy-GCHP system in the heating-dominated environment of Montreal (Canada). Our results show that over 1000 experiments, a design sized using the NPVaR has an average return on investment of 126,829 $ with a standard deviation of 18,499 $ while a design sized with a deterministic objective function yields 137,548 $ on average with a standard deviation of 33,150 $. Furthermore, the worst returns in both cases are respectively 35,229 $ and -32,151 $. This shows that, although slightly less profitable on average, the NPVaR is a better objective function when the concern is about avoiding losses rather than making a huge profit.</p><p>In that regard, since HVAC is usually considered a commodity rather than an investment, we believe that a more financially stable and predictable objective function is a welcome addition in the toolbox of engineers and professionals alike that deal with the design of expensive systems such as Hy-GCHP.</p>


Energies ◽  
2020 ◽  
Vol 13 (9) ◽  
pp. 2249 ◽  
Author(s):  
Emanuel Canelas ◽  
Tânia Pinto-Varela ◽  
Bartosz Sawik

Electricity markets are nowadays flooded with uncertainties that rise from renewable energy applications, technological development, and fossil fuel prices fluctuation, among others. These aspects result in a lumpy electricity prices for consumers, making it necessary to come up with risk management tools to help them hedge this associated risk. In this work a portfolio optimization applied to electricity sector, is proposed. A mixed integer programming model is presented to characterize the electricity portfolio of large consumers. The energy sources available for the portfolio characterization are the day-ahead spot market, forward contracts, and self-generation. The study novelty highlights the energy portfolio characterization for players denoted as large consumers, which has been overlooked by the scientific community and, focuses on the Iberian electricity market as a real case study. A multi-objective methodology is explored, using a weighted-sum approach. The expected cost and the conditional value-at-risk (CVaR) minimization are used as objective function. Three case studies illustrate the model applicability through the characterization of how the portfolio evolves with different demand profiles and how to take advantage from seasonality characteristic in the spot market. A scenario analysis is explored to reflect the uncertainty on the price of the spot market. The expected cost and CVaR are optimized for each case study and the portfolio analysis for each risk posture is characterized. The results illustrate the advantage to reduce costs and risk if the prices seasonality is considered, triggering to an adaptive seasonal behavior, which support the decision-maker decision towards its goals.


2019 ◽  
Vol 2019 ◽  
pp. 1-14 ◽  
Author(s):  
Yuwei Wang ◽  
Jingmin Wang ◽  
Wei Sun ◽  
Mingrui Zhao

Bidding in spot electricity market (EM) is a key source for electricity retailer (ER)’s power purchasing. In China for the near future, besides the real-time load and spot clearing prices uncertainties, it will be hard for a newborn ER to adjust its retail prices at will due to the strict governmental supervision. Hence, spot EM bidding decision-making is a very complicated and important issue for ER in many countries including China. In this paper, an inner-outer 2-layer model system based on stochastic mixed-integer optimization is proposed for ER’s day-ahead EM bidding decision-making. This model system not only can help to make ERs more beneficial under China’s EM circumstances in the near future, but also can be applied for improving their profits under many other deregulated EM circumstances (e.g., PJM and Nord Pool) if slight transformation is implemented. Different from many existing researches, we pursue optimizing both the number of blocks in ER’s day-ahead piecewise staircase (energy-price) bidding curves and the bidding price of every block. Specifically, the inner layer of this system is in fact a stochastic mixed-integer optimization model, by which the bidding prices are optimized by parameterizing the number of blocks in bidding curves. The outer layer of this system implicitly possesses the characteristics of heuristic optimization in discrete space, by which the number of blocks is optimized by parameterizing bidding prices in bidding curves. Moreover, in order to maintain relatively low financial-risk brought by clearing prices and real-time load uncertainties, we introduce the conditional value at risk (CVaR) of profit in the objective function of inner layer model in addition to the expected profit. Simulations based on historical data have not only tested the scientificity and feasibility of our model system, but also verified that our model system can further improve the actual profit of ER compared to other methods.


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