4 papers
Decision-calibrated prediction sets for robust power system operations
Akylas Stratigakos, Honglin Wen, Elina Spyrou +1
Robust optimization offers a tractable approach to balance operating costs and reliability in power systems dominated by weather-dependent renewable uncertainty, but its performanc…
Stabilizing distribution-free probabilistic forecasts
Jente Van Belle, Honglin Wen, Wouter Verbeke +1
Multi-step-ahead forecasts are often updated as new observations become available, since shorter forecast horizons typically improve forecast quality. However, such improvements co…
Value-oriented forecast reconciliation for renewables in electricity markets
Honglin Wen, Pierre Pinson
Forecast reconciliation is considered an effective method to achieve coherence (within a forecast hierarchy) and to improve forecast quality. However, the value of reconciled forec…
Pooling Probabilistic Forecasts for Cooperative Wind Power Offering
Honglin Wen, Pierre Pinson
Wind power producers can benefit from forming coalitions to participate cooperatively in electricity markets. To support such collaboration, various profit allocation rules rooted…