NDLI: Application of fuzzy logic to priced-based unit commitment under price uncertainty

Content Provider	IEEE Xplore Digital Library
Author	Daneshi, H. Srivastava, A.K. Daneshi, A.
Copyright Year	2010
Description	Author affiliation: Department of Electrical and Computer Engineering at Mississippi State University, USA (Srivastava, A.K.) \|\| Electric Power and Power Electronic Center at Illinois Institute of Technology, Chicago, 60616, USA (Daneshi, H.)
Abstract	This paper proposes a new formulation for the price based unit commitment (PBUC) of electric power generators under a deregulated electricity market. The methodology is developed from the viewpoint of a generating company (GENCO) wishing to maximize its own profit and to hedge its risk as a participant in the market. The problem is expressed as a mixed integer programming (MIP) optimization model in which the expected profit is maximized while the uncertainty of forecasted market price is modeled as a fuzzy variable. The volatility of market price is identified by certain fuzzy definitions pertaining to market volatility. The proposed model can be solved using a standard mixed integer-programming (MIP) solver. Case studies with 36 units are presented in this paper. We study the impact of uncertainty in forecasted parameters in PBUC solution and compare the results with those of crisp PBUC model.
Starting Page	1
Ending Page	5
File Size	437058
Page Count	5
File Format	PDF
ISBN	9781424465460
e-ISBN	9781424465484
DOI	10.1109/TDC.2010.5484415
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-04-19
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Fuzzy logic Uncertainty Power generation Costs Predictive models Economic forecasting Job shop scheduling Electricity supply industry Fuzzy systems Contracts Fuzzy system mixed-integer programming (MIP) fuzzy mixed-integer programming (FMIP) priced based unit commitment (PBUC) unit commitment (UC)
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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