MULTICRITERIA OPTIMIZATION PROBLEM STATEMENT IN ELECTRIC POWER INDUSTRY

Multicriteria Engineering Optimization Problems: Statement, Solution and Applications

The majority of engineering optimization problems (design, identification, design of controlled systems, optimization of large-scale systems, operational development of prototypes, and so on) are essentially multicriteria. The correct determination of the feasible solution set is a major challenge in engineering optimization problems. In order to construct the feasible solution set, a method ca...

Market Power in a Transitioning Electric Industry

Artificial Neural Networks In Electric Power Industry

Productivity Performance of The Iraninan Electric Power Industry

This paper is concerned with the estimation of total factor productivity (TFP) growth for the Iranian electric utilities during the period 1980-1993 on the basis of panel data. A translog cost function is used which accommodates firm - specific variability through a one - way error component model. The results show that the Iranian electricity supply industry experienced increasing returns to s...

Robust Optimization in Electric Power Systems

Electric power systems, acclaimed as the “supreme engineering achievement of the 20th century”, are one of the most complex human-made systems [9]. As an example, the U.S. power grid has approximately 170,000 miles of high-voltage (voltage at or above 200kV) transmission lines and almost 5,000 generating units with capacity of at least 50MW [1]. In an engineering system of such a scale and comp...