Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Engineering
Optimal Bidding Strategy For A Strategic Power Producer Using Mixed Integer Programming, Sayed Abdullah Sadat
Optimal Bidding Strategy For A Strategic Power Producer Using Mixed Integer Programming, Sayed Abdullah Sadat
USF Tampa Graduate Theses and Dissertations
The thesis focuses on a mixed integer linear programming (MILP) formulation for a bi-level mathematical program with equilibrium constraints (MPEC) considering chance constraints. The particular MPEC problem relates to a power producer’s bidding strategy: maximize its total benefit through determining bidding price and bidding power output while considering an electricity pool’s operation and guessing the rival producer’s bidding price. The entire decision-making process can be described by a bi-level optimization problem. The contribution of our thesis is the MILP formulation of this problem considering the use of chance constrained mathematical program for handling the uncertainties.
First, the lower-level poor operation …