Optimal stochastic bilevel scheduling of pumped hydro storage systems in a pay-as-bid energy market environment
Alireza Akbari‐Dibavar, Behnam Mohammadi‐Ivatloo, Kazem Zare
Topics & Concepts
Bilevel optimizationKarush–Kuhn–Tucker conditionsMathematical optimizationComputer scienceStackelberg competitionStochastic programmingProfit maximizationProfit (economics)ArbitrageMarket clearingRevenueStochastic optimizationOptimization problemOperations researchEconomicsMicroeconomicsEngineeringMathematicsFinancial economicsAccountingElectric Power System OptimizationSmart Grid Energy ManagementOptimal Power Flow Distribution