2 papers
math.OC2018
An Efficient Data Driven Model for Generation Expansion Planning with Short Term Operational Constraints
Hassan Shavandi, Mehrdad Pirnia, J. David Fuller
Generation expansion planning (GEP) models have been useful aids for long-term planning. Recent growth in intermittent renewable generation has increased the need to represent the…
econ.GN2018
Extended opportunity cost model to find near equilibrium electricity prices under non-convexities
Hassan Shavandi, Mehrdad Pirnia, J. David Fuller
This paper finds near equilibrium prices for electricity markets with nonconvexities due to binary variables, in order to reduce the market participants' opportunity costs, such as…