A Fast LP-Based Approach for Robust Dynamic Economic Dispatch Problem: A Feasible Region Projection Method
Yikui Liu, Lei Wu, Jie Li
Abstract
The robust optimization based dynamic economic dispatch (DED) model has been extensively studied to address uncertainties of net loads induced by renewable energy resource variabilities and demand fluctuations. However, the robust DED model is computationally expensive, when solved by the column-and-constraint generation (CCG) approach that iterates between a master problem and a max-min subproblem. This letter proposes a feasible region projection-based approach to equivalently reformulate the robust DED as a single-level linear programming (LP) model that can be effectively solved while guaranteeing solution optimality. Numerical studies show the proposed approach is one order of magnitude faster than CCG.
Topics & Concepts
Economic dispatchMathematical optimizationIterated functionProjection (relational algebra)Linear programmingComputer scienceConstraint (computer-aided design)Robust optimizationElectric power systemDynamic programmingMathematicsAlgorithmPower (physics)Quantum mechanicsPhysicsMathematical analysisGeometryElectric Power System OptimizationOptimal Power Flow DistributionSmart Grid Energy Management