The Next Generation of Electric Power Unit Commitment Models

• Corporate Author: SpringerLink (Online service)
• Other Authors: Hobbs, Benjamin F. (Editor), Rothkopf, Michael H. (Editor), O’Neill, Richard P. (Editor), Chao, Hung-po (Editor)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2001.
• Series: International Series in Operations Research & Management Science, 36
• Subjects: Operations research.; Decision making.; Energy industries.; Environmental management.; Air pollution.; Economics.; Management science.; Environmental economics.; Economics, general.; Environmental Management.; Energy Economics.; Environmental Economics.; Atmospheric Protection/Air Quality Control/Air Pollution.; Operation Research/Decision Theory.

Over the years, the electric power industry has been using optimization methods to help them solve the unit commitment problem. The result has been savings of tens and perhaps hundreds of millions of dollars in fuel costs. Things are changing, however. Optimization technology is improving, and the i...