Optimal factory operation planning using electrical load shifting under time-based electric rates

Optimal selling time under stochastic liquidity discount and regime shifting

We study the problem of selling an illiquid asset in a market in which unfavorable bid prices are readily available and favorable offers enter the market less frequently. We setup a liquidity model in which the liquidity premium implicit in the bid prices evolves stochastically and the rate of arrival of favorable offers is governed by a regime-shifting Markov process. The objective is to maxim...

Optimal Economic Operation of Electric Power Systems

Optimal operation of multiple microgrids under network reliability based on asexual reproduction algorithm

Today, the number of micro-distribution networks is increasing. Meanwhile, for various reasons that can be justified in the field of smart grids and electricity market, the optimal operation of these microgrids is of great importance. On the other hand, the existence of high-intensity accidents has been the reason for the creation of micro-networks in many countries, which shows the importance ...

Optimal Load Shedding in Electric Power Grids

We consider the optimal load-shedding problem in electric power systems where a number of transmission lines are to be taken out of service. The nonlinear power flow equations and the binary decision variables lead to a mixed-integer nonlinear program. We show that the load-shedding problem has separable structure that can be exploited by using the alternating direction method of multipliers. W...

Optimal Factory Scheduling using Stm

Generating optimal production schedules for manufacturing facilities is an area of great theoretical and practical importance. During the last decade, an effort has been made to reconcile the techniques developed by the AI and OR communities. The work described here aims to continue in this vein by showing how a class of well-defined stochastic scheduling problems can be mapped into a general s...