Optimization in the Energy Industry PDF Download

Author: Josef Kallrath
Publisher: Springer Science & Business Media
ISBN: 3540889655
Category : Mathematics
Languages : en
Pages : 537

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Book Description
This book offers a broad, in-depth overview that reflects the requirements, possibilities and limits of mathematical optimization and, especially, stochastic optimization in the energy industry.

Author: Ozan Erdinc
Publisher: Butterworth-Heinemann
ISBN: 0081012098
Category : Technology & Engineering
Languages : en
Pages : 327

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Book Description
Optimization in Renewable Energy Systems: Recent Perspectives covers all major areas where optimization techniques have been applied to reduce uncertainty or improve results in renewable energy systems (RES). Production of power with RES is highly variable and unpredictable, leading to the need for optimization-based planning and operation in order to maximize economies while sustaining performance. This self-contained book begins with an introduction to optimization, then covers a wide range of applications in both large and small scale operations, including optimum operation of electric power systems with large penetration of RES, power forecasting, transmission system planning, and DG sizing and siting for distribution and end-user premises. This book is an excellent choice for energy engineers, researchers, system operators, system regulators, and graduate students. - Provides chapters written by experts in the field - Goes beyond forecasting to apply optimization techniques to a wide variety of renewable energy system issues, from large scale to relatively small scale systems - Provides accompanying computer code for related chapters

Author: Frank (Xin X.) Zhu
Publisher: John Wiley & Sons
ISBN: 1118782534
Category : Technology & Engineering
Languages : en
Pages : 419

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Book Description
Exploring methods and techniques to optimize processing energy efficiency in process plants, Energy and Process Optimization for the Process Industries provides a holistic approach that considers optimizing process conditions, changing process flowschemes, modifying equipment internals, and upgrading process technology that has already been used in a process plant with success. Field tested by numerous operating plants, the book describes technical solutions to reduce energy consumption leading to significant returns on capital and includes an 8-point Guidelines for Success. The book provides managers, chemical and mechanical engineers, and plant operators with methods and tools for continuous energy and process improvements.

Author: Mamdouh Assad
Publisher: Academic Press
ISBN: 0128232323
Category : Technology & Engineering
Languages : en
Pages : 319

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Book Description
Design and Performance Optimization of Renewable Energy Systems provides an integrated discussion of issues relating to renewable energy performance design and optimization using advanced thermodynamic analysis with modern methods to configure major renewable energy plant configurations (solar, geothermal, wind, hydro, PV). Vectors of performance enhancement reviewed include thermodynamics, heat transfer, exergoeconomics and neural network techniques. Source technologies studied range across geothermal power plants, hydroelectric power, solar power towers, linear concentrating PV, parabolic trough solar collectors, grid-tied hybrid solar PV/Fuel cell for freshwater production, and wind energy systems. Finally, nanofluids in renewable energy systems are reviewed and discussed from the heat transfer enhancement perspective. - Reviews the fundamentals of thermodynamics and heat transfer concepts to help engineers overcome design challenges for performance maximization - Explores advanced design and operating principles for solar, geothermal and wind energy systems with diagrams and examples - Combines detailed mathematical modeling with relevant computational analyses, focusing on novel techniques such as artificial neural network analyses - Demonstrates how to maximize overall system performance by achieving synergies in equipment and component efficiency

Author: Janet Nagel
Publisher: Springer
ISBN: 3319963554
Category : Technology & Engineering
Languages : en
Pages : 301

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Book Description
This book describes how a model for optimizing the energy supply system in Germany can be implemented. It focuses on the open energy modeling framework (Oemof) program for modeling energy supply systems. The individual elements of Oemof are described, as well as the model’s structure. The technical components of Oemof are subsequently demonstrated in mathematical calculations, along with sufficient Python code to begin basic modeling. The book will appeal to anyone with an interest in optimization models for energy supply systems, or in the mathematical description of the technical components of such systems in practical implementation, using a real example, Oemof. Thermodynamic descriptions of combustion are provided, so that readers can focus on modeling aspects. Researchers and practitioners will also find the book useful, as it expands on their knowledge of the technical components of energy supply systems, supported with detailed mathematical calculations.

Author: Behnam Mohammadi-Ivatloo
Publisher: Academic Press
ISBN: 0128203838
Category : Science
Languages : en
Pages : 452

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Book Description
Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. - Provides integrated techno-economic analysis of energy storage systems and the energy markets - Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market - Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business - Applies advanced methods to the economic integration of large-scale energy storage systems - Develops an evaluation framework for energy market storage systems

Author: Ning Zhang
Publisher: CRC Press
ISBN: 0429847696
Category : Technology & Engineering
Languages : en
Pages : 317

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Book Description
The scope of this book covers the modeling and forecast of renewable energy and operation and planning of power system with renewable energy integration.The first part presents mathematical theories of stochastic mathematics; the second presents modeling and analytic techniques for renewable energy generation; the third provides solutions on how to handle the uncertainty of renewable energy in power system operation. It includes advanced stochastic unit commitment models to acquire the optimal generation schedule under uncertainty, efficient algorithms to calculate the probabilistic power, and an efficient operation strategy for renewable power plants participating in electricity markets.

Author: Enrico Edoli
Publisher: Springer
ISBN: 1137412976
Category : Business & Economics
Languages : en
Pages : 210

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Book Description
As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it. Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions – all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions. This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice. Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.

Author: Frank (Xin X.) Zhu
Publisher: John Wiley & Sons
ISBN: 1118921356
Category : Technology & Engineering
Languages : en
Pages : 548

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Book Description
Provides a holistic approach that looks at changing process conditions, possible process design changes, and process technology upgrades Includes process integration techniques for improving process designs and for applying optimization techniques for improving operations focusing on hydroprocessing units. Discusses in details all important aspects of hydroprocessing – including catalytic materials, reaction mechanism, as well as process design, operation and control, troubleshooting and optimization Methods and tools are introduced that have a successful application track record at UOP and many industrial plants in recent years Includes relevant calculations/software/technologies hosted online for purchasers of the book

Author: Xu Andy Sun
Publisher: Springer Nature
ISBN: 3030851281
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
This book covers robust optimization theory and applications in the electricity sector. The advantage of robust optimization with respect to other methodologies for decision making under uncertainty are first discussed. Then, the robust optimization theory is covered in a friendly and tutorial manner. Finally, a number of insightful short- and long-term applications pertaining to the electricity sector are considered. Specifically, the book includes: robust set characterization, robust optimization, adaptive robust optimization, hybrid robust-stochastic optimization, applications to short- and medium-term operations problems in the electricity sector, and applications to long-term investment problems in the electricity sector. Each chapter contains end-of-chapter problems, making it suitable for use as a text. The purpose of the book is to provide a self-contained overview of robust optimization techniques for decision making under uncertainty in the electricity sector. The targeted audience includes industrial and power engineering students and practitioners in energy fields. The young field of robust optimization is reaching maturity in many respects. It is also useful for practitioners, as it provides a number of electricity industry applications described up to working algorithms (in JuliaOpt).