This paper considers the joint economic lot-sizing problem (JELP) for multi-layer supply chain with multi-retailers and single manufacturer and supplier. The paper extends the work of (Ben-Daya et al., 2013) and relaxes the assumption of deterministic demand and constant holding and ordering...

Wind energy is currently one of the types of renewable energy with a large generation capacity. However, since the operation of wind power generation is challenging due to its intermittent characteristics, forecasting wind power generation efficiently is essential for economic operation. This...

In this paper, wind power generators are being incorporated in the multiobjective economic emission dispatch problem which minimizes wind-thermal electrical energy cost and emissions produced by fossil-fueled power plants, simultaneously. Large integration of wind energy sources necessitates an...

In this paper, we investigate the representation of wind power forecasting (WPF) uncertainty in the unit commitment (UC) problem. While deterministic approaches use a point forecast of wind power output, WPF uncertainty in the stochastic UC alternative is captured by a number of scenarios that...

Wind power represents a significant percentage of the European generation mix and this will increase to fulfill the renewable energy targets. Different balancing rules are applied to wind power among the countries; for instance, to what extent wind power producers (WPPs) are responsible for the...

We develop a stochastic optimization model for scheduling a hybrid solar-battery storage system. Solar power in excess of the promise can be used to charge the battery, while power short of the promise is met by discharging the battery. We ensure reliable operations by using a joint chance...

Investments in power generation assets are multi-year projects with high costs and multi-decade lifetimes. Since market circumstances can significantly change over time, investments into such assets are risky and require structured decision-support systems. Investment decisions and dispatch in...