We present a methodology to estimate fixed cost parameters relevant to the decision to operate, mothballor retire an open-cycle gas turbine (OCGT) using a dynamic discrete choice model, based on fuel andelectricity prices, as well as technical data and the operational status of OCGTs in the PJM...

This paper aims to derive optimal combination of electric powers for electric power market network considering environmental evaluation. Currently, attention is being paid to increasing the ratio of renewable energy generation in the electric power market which called Green Energy Coefficient...

We consider a clearing problem in peer-to-peer energy markets, where prosumers can trade energy among each other and with the main grid to meet their energy demands. By using a game- theoretic formulation and exploiting operator-theoretic methods for generalized Nash equilibrium seeking, we...

The traditional optimization of the layout of a wind farm consisted in arranging the wind turbines inside a designated area. In contrast, the 2021 tender from the UK government, Offshore Wind Leasing Round 4 ("UK Round-4") and upcoming bids only specify large regions where the wind farm can be...

I introduce a finite-difference solution method based on the envelope condition in continuous-time stochastic dynamic programming problems. The envelope method is easier to code and, in the presence of occasionally binding constraints, faster and more stable than popular methods based on the...

The (R, s, S) is a stochastic inventory control policy widely used by practitioners. In an inventory system managed according to this policy, the inventory is reviewed at instant R; if the observed inventory position is lower than the reorder level s an order is placed. The order’s quantity is...