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Optimizing the profit from a complex cascade of hydroelectric stations with recirculating water

dc.contributor.authorKorobeinikov, Andrei
dc.contributor.authorKovacec, Alexander
dc.contributor.authorMcGuinness, Mark
dc.contributor.authorPascoal, Marta
dc.contributor.authorPereira, Ana I.
dc.contributor.authorVilela, Sonia
dc.date.accessioned2011-05-27T08:24:33Z
dc.date.available2011-05-27T08:24:33Z
dc.date.issued2010
dc.description.abstractIn modern reversible hydroelectric power stations it is possible to reverse the turbine and pump water up from a downstream reservoir to an upstream one. This allows the use of the same volume of water repeatedly and was speci cally developed for hydro-electric stations operating with in- su cient water supply. Pumping water upstream is usually done at times of low demand for electricity, to build up reserves in order to be able to produce energy during peak hours, thus balancing the load and making a pro t on the price di erence. In this paper, we consider a branched model for hydroelectric power stations interacting in a complex cascade arrangement. The goal of this study is to provide guidance in decision-making aimed at maximizing the pro t. A detailed analysis is made of a simpler reservoir con guration, which indicates that even though the problem is nonlinear, a bang-bang type of control is optimal, where the power stations are operated at maximum rates of flow. Some simple relationships between price and timing of decisions are calculated directly. A numerical algorithm is also developed.por
dc.description.sponsorshipThis problem was brought by Redes Energéticas Nacionais to the 69th European Study Group with Industry, April 20–24, 2009, Departamento de Matemática da Universidade de Coimbra, Portugal. Andrei Korobeinikov and Mark McGuinness are very grateful to the organizers of the 69th ESGI for financial support and for their kind and generous hospitality. Andrei Korobeinikov and Mark McGuinness are supported by the Mathematics Applications132 Optimizing the profit from a complex cascade of hydroelectric stations with recirculating water Consortium for Science and Industry, funded by the Science Foundation Ireland Mathematics Initiative Grant 06/MI/005. Mark McGuinness also thanks OCCAM in Oxford for supporting his travels. Marta Pascoal is partially funded by the Portuguese FCT under project POSC/U308/1.3/NRE/04.
dc.identifier.citationKorobeinikov, A.; Kovacec, Alexander; McGuinness, Mark; Pascoal, Marta; Pereira, Ana I. ; Vilela, Sonia (2010). Optimizing the profit from a complex cascade of hydroelectric stations with recirculating water. Mathematics-in-Industry Case Studies Journal. Vol. 2, ISSN: 1913-4967. p. 111-133por
dc.identifier.issn1913-4967
dc.identifier.urihttp://hdl.handle.net/10198/4627
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherFields Institutepor
dc.relation.publisherversionhttp://www.micsjournal.ca/index.php/mics/article/viewFile/25/24por
dc.subjectOptimizationpor
dc.subjectHydroelectric powerpor
dc.subjectBranched cascadepor
dc.titleOptimizing the profit from a complex cascade of hydroelectric stations with recirculating waterpor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage133por
oaire.citation.startPage111por
oaire.citation.titleMathematics-in-Industry Case Studies Journalpor
person.familyNamePereira
person.givenNameAna I.
person.identifier.ciencia-id0716-B7C2-93E4
person.identifier.orcid0000-0003-3803-2043
person.identifier.ridF-3168-2010
person.identifier.scopus-author-id15071961600
rcaap.rightsopenAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublicatione9981d62-2a2b-4fef-b75e-c2a14b0e7846
relation.isAuthorOfPublication.latestForDiscoverye9981d62-2a2b-4fef-b75e-c2a14b0e7846

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