A Scenario Tree-Based Decomposition for Solving Multistage Stochastic Programs PDF Download

Author: Debora Mahlke
Publisher: Springer Science & Business Media
ISBN: 3834898295
Category : Mathematics
Languages : en
Pages : 194

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Book Description
Motivated by practical optimization problems occurring in energy systems with regenerative energy supply, Debora Mahlke formulates and analyzes multistage stochastic mixed-integer models. For their solution, the author proposes a novel decomposition approach which relies on the concept of splitting the underlying scenario tree into subtrees. Based on the formulated models from energy production, the algorithm is computationally investigated and the numerical results are discussed.

Author: Christian Küchler
Publisher: Springer Science & Business Media
ISBN: 3834893994
Category : Mathematics
Languages : en
Pages : 178

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Book Description
Christian Küchler studies various aspects of the stability of stochastic optimization problems as well as approximation and decomposition methods in stochastic programming. In particular, the author presents an extension of the Nested Benders decomposition algorithm related to the concept of recombining scenario trees.

Author: Mario R. Eden
Publisher: Elsevier
ISBN: 0444642420
Category : Technology & Engineering
Languages : en
Pages : 2620

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Book Description
Process Systems Engineering brings together the international community of researchers and engineers interested in computing-based methods in process engineering. This conference highlights the contributions of the PSE community towards the sustainability of modern society and is based on the 13th International Symposium on Process Systems Engineering PSE 2018 event held San Diego, CA, July 1-5 2018. The book contains contributions from academia and industry, establishing the core products of PSE, defining the new and changing scope of our results, and future challenges. Plenary and keynote lectures discuss real-world challenges (globalization, energy, environment and health) and contribute to discussions on the widening scope of PSE versus the consolidation of the core topics of PSE. - Highlights how the Process Systems Engineering community contributes to the sustainability of modern society - Establishes the core products of Process Systems Engineering - Defines the future challenges of Process Systems Engineering

Author: Bo Hu
Publisher: Springer Science & Business Media
ISBN: 3642200095
Category : Business & Economics
Languages : en
Pages : 664

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Book Description
This book contains selected papers from the symposium "Operations Research 2010" which was held from September 1-3, 2010 at the "Universität der Bundeswehr München", Germany. The international conference, which also serves as the annual meeting of the German Operations Research Society (GOR), attracted more than 600 participants from more than thirty countries. The general theme "Mastering Complexity" focusses on a natural component of the globalization process. Financial markets, traffic systems, network topologies and, last but not least, energy resource management, all contain complex behaviour and economic interdependencies which necessitate a scientific solution. Operations Research is one of the key instruments to model, simulate and analyze such systems. In the process of developing optimal solutions, suitable heuristics and efficient procedures are some of the challenges which are discussed in this volume.

Author: Sebnem Yilmaz Balaman
Publisher: Academic Press
ISBN: 0128142790
Category : Science
Languages : en
Pages : 259

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Book Description
Decision-Making for Biomass-Based Production Chains: The Basic Concepts and Medothologies presents a comprehensive study of key-issues surrounding the integration of strategic, tactical and operational decision levels for supply chains in the biomass, biofuels and biorefining sectors. Comprehensive sections cover biomass resources, harvesting, collection, storage and distribution systems, along with the necessary technical and technological background of production systems. In addition, the basics of decision-making, problems and decision levels encountered in design, management and operation phases are covered. Case studies are supplied in each chapter, along with a discussion and comparative analysis of topics. The book presents a clear vision of advances in the field. Graduate students and those starting in this line of research will also find the necessary information on how to model this kind of complex system. Finally, this comprehensive resource can be used as a guide for non-expert industry decision-makers and government policymakers who need a thorough overview on the industry. - Examines analytic methodologies for complex decision-making when designing, deploying and managing biomass and bio-based products supply chains - Includes real-life examples of main sustainability indicators, standards and certification schemes from the European Union, United States and worldwide - Explores the progress of decision-making procedures to provide a detailed perspective for effective selection of the most reliable solutions for each kind of problem - Provides detailed, in-depth analyses of various models and frameworks for their implementation, challenges and solutions - Presents multi-criteria and multi-objective decision-making and modeling approaches, including mathematical modeling, simulation-based modeling, and artificial intelligence-based modeling

Author: Georg Ch. Pflug
Publisher: Springer
ISBN: 3319088432
Category : Business & Economics
Languages : en
Pages : 309

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Book Description
Multistage stochastic optimization problems appear in many ways in finance, insurance, energy production and trading, logistics and transportation, among other areas. They describe decision situations under uncertainty and with a longer planning horizon. This book contains a comprehensive treatment of today’s state of the art in multistage stochastic optimization. It covers the mathematical backgrounds of approximation theory as well as numerous practical algorithms and examples for the generation and handling of scenario trees. A special emphasis is put on estimation and bounding of the modeling error using novel distance concepts, on time consistency and the role of model ambiguity in the decision process. An extensive treatment of examples from electricity production, asset liability management and inventory control concludes the book.

Author: Steffen Rebennack
Publisher: Springer Science & Business Media
ISBN: 3642024939
Category : Mathematics
Languages : en
Pages : 503

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Book Description
Energy is one of the world`s most challenging problems, and power systems are an important aspect of energy related issues. This handbook contains state-of-the-art contributions on power systems modeling and optimization. The book is separated into two volumes with six sections, which cover the most important areas of energy systems. The first volume covers the topics operations planning and expansion planning while the second volume focuses on transmission and distribution modeling, forecasting in energy, energy auctions and markets, as well as risk management. The contributions are authored by recognized specialists in their fields and consist in either state-of-the-art reviews or examinations of state-of-the-art developments. The articles are not purely theoretical, but instead also discuss specific applications in power systems.

Author: Sucar, L. Enrique
Publisher: IGI Global
ISBN: 160960167X
Category : Computers
Languages : en
Pages : 444

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Book Description
One of the goals of artificial intelligence (AI) is creating autonomous agents that must make decisions based on uncertain and incomplete information. The goal is to design rational agents that must take the best action given the information available and their goals. Decision Theory Models for Applications in Artificial Intelligence: Concepts and Solutions provides an introduction to different types of decision theory techniques, including MDPs, POMDPs, Influence Diagrams, and Reinforcement Learning, and illustrates their application in artificial intelligence. This book provides insights into the advantages and challenges of using decision theory models for developing intelligent systems.

Author: Gerd Infanger
Publisher: Boyd & Fraser Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 168

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Book Description

Author: Natalia Selini Hadjidimitriou
Publisher: Springer Nature
ISBN: 3030574423
Category : Technology & Engineering
Languages : en
Pages : 131

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Book Description
This book presents a collection of energy production and distribution problems identified by the members of the COST Action TD1207 "Mathematical Optimization in the Decision Support Systems for Efficient and Robust Energy Networks". The aim of the COST Action was to coordinate the efforts of the experts in different fields, from academia and industry, in developing innovative tools for quantitative decision making, and apply them to the efficient and robust design and management of energy networks. The work covers three main goals:• to be a nimble while comprehensive resource of several real life business problems with a categorized set of pointers to many relevant prescriptive problems for energy systems;• to offer a balanced mix of scientific and industrial views;• to evolve over time in a flexible and dynamic way giving, from time to time, a more scientific or industrial - or even political in a broad sense - weighed perspective.It is addressed to researchers and professionals working in the field.