Title | A "SuperOPF" Framework |
Publication Type | Report |
Year of Publication | 2008 |
Authors | Alberto J Lamadrid, Surin Maneevitjit, Timothy D Mount, Carlos E Murillo-Sanchez, Robert J Thomas, Ray D Zimmerman |
Pagination | 59 |
Date Published | 12/2008 |
Keywords | Market mechanisms, reliability and markets, reliability management, RM05-003, SuperOPF |
Abstract | The objective of the SuperOPF project is to develop a framework that will provide proper allocation and valuation of resources through true co-optimization across multiple scenarios. Instead of solving a sequence of simpler and approximate sub-problems, the SuperOPF approach combines as much as possible into a single mathematical programming framework, with a full AC network and simultaneous co-optimization across multiple scenarios with stochastic costs. This effort involves development of the problem formulations, implementation of research grade software codes, and testing of the methods and algorithms on a range of case studies to demonstrate their added value over currently available tools. |
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