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An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization

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Bibliographic Details
Main Authors: George, Kozanidis, Eftychia, Kostarelou
Format: Book
Language:English
Published: Springer 2023
Subjects:
day-ahead electricity markets
global optimality
Online Access:https://link.springer.com/article/10.1007/s10957-023-02166-8
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7581
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spelling oai:localhost:PNK-75812023-04-05T07:51:22Z An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization George, Kozanidis Eftychia, Kostarelou day-ahead electricity markets global optimality CC BY We develop an exact cutting plane solution algorithm for a special class of bilevel programming models utilized for optimal price-bidding of energy producers in day-ahead electricity markets. The proposed methodology utilizes a suitable reformulation in which a key prerequisite for global optimality, termed bilevel feasibility, is relaxed. Solving the problem to global optimality involves finding the price-offers of the strategic producer (upper-level decision variables) which maximize his self-profit upon clearing of the market and identification of the optimal energy quantity distribution (lower-level decision variables). 2023-04-05T07:51:22Z 2023-04-05T07:51:22Z 2023 Book https://link.springer.com/article/10.1007/s10957-023-02166-8 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7581 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic day-ahead electricity markets
global optimality
spellingShingle day-ahead electricity markets
global optimality
George, Kozanidis
Eftychia, Kostarelou
An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
description CC BY
format Book
author George, Kozanidis
Eftychia, Kostarelou
author_facet George, Kozanidis
Eftychia, Kostarelou
author_sort George, Kozanidis
title An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
title_short An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
title_full An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
title_fullStr An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
title_full_unstemmed An Exact Solution Algorithm for Integer Bilevel Programming with Application in Energy Market Optimization
title_sort exact solution algorithm for integer bilevel programming with application in energy market optimization
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s10957-023-02166-8
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7581
_version_ 1762365504067993600
score 8.891787

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