Multicriteria energy policy investments and energy market clearance via integer programming

Kakogiannis, Nikolaos Chr.; Kontogiorgos, Panagiotis; Sarri, Elena; Papavassilopoulos, George P.

doi:10.1007/s10100-014-0351-x

Cited by 4 publications

(3 citation statements)

References 15 publications

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“…Uncertainty needs to be taken into consideration to study the robustness of solutions. Robustness and reliability of optimal solutions is an important issue for several studies using multi-criteria decision-making framework [22,23]. In this problem, uncertainty results from properly selecting the weights that correspond to the decision maker's preferences, which is one of the most critical problems in decision-making, as well as from the problem's constraints that might change unexpectedly, such as the available budget.…”

Section: Introductionmentioning

confidence: 99%

A Mixed-Integer Programming Model for Assessing Energy-Saving Investments in Domestic Buildings under Uncertainty

2018

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A decision support tool has been developed to evaluate energy-saving intervention investments for domestic buildings. Various potential interventions are considered, each affecting energy consumption and savings, as well as the total financial cost of the investment. The decision problem is formulated as a mixed-integer programming problem. The implemented methodologies increase the efficiency and efficacy of the solution algorithms and can be applied to most realistic cases. The tool allows users to customize the problem based on their own preferences and find the optimal combination of investments. Uncertainty complicating the decision process is addressed by using interval analysis; therefore, the robustness of the optimal decision can be evaluated to facilitate the decision-making process. A domestic building in the Mediterranean area is used as a case study to demonstrate the functionality of this tool and to evaluate the impact of the decision-maker's uncertainty on the optimal decision.

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Section: Introductionmentioning

confidence: 99%

A Mixed-Integer Programming Model for Assessing Energy-Saving Investments in Domestic Buildings under Uncertainty

2018

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“…Until now, the clearance of the market is performed according to the financial cost of the producers' bids. However, the importance of other factors such as reliability and environmental impact are taken into consideration in many recent studies [4,10,11,14]. There are various criteria that should be included in the supply decision process so that the clearance of the market corresponds to the socially best result [10].…”

Section: Introductionmentioning

confidence: 99%

Interval analysis to address uncertainty in multicriteria energy market clearance

Kontogiorgos¹,

Vrahatis²,

Papavassilopoulos³

2014

MedPower 2014

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A serious problem in every complex decision making process is how to deal with uncertainty. In complex systems the uncertainty is usually addressed with the use of probabilistic models where information about the distribution of the uncertain parameters is available or derived. However, in many engineering problems such information is unknown. Evermore, quite often the decision is made once, rendering irrelevant the probabilistic framework. In this study a multicriteria methodology is used in order to model the clearance of the energy market. The proposed model deals with uncertainty as far as the desired energy policy and restrictions are concerned with use of interval analysis. This way, the robustness of the optimal solution for different energy policies, which is necessary in order to evaluate them, is studied, thus creating a decision support system for the market operator.

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“…Thery and Zarate 2009;Kakogiannis et al 2014). This chapter shows some of the present electricity modelling approaches with the main application focus on the European electricity sector.…”

Section: Literature Reviewmentioning

confidence: 99%

ATLANTIS: techno-economic model of the European electricity sector

Stigler

Bachhiesl

Nischler

et al. 2015

Cent Eur J Oper Res

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Multicriteria energy policy investments and energy market clearance via integer programming

Cited by 4 publications

References 15 publications

A Mixed-Integer Programming Model for Assessing Energy-Saving Investments in Domestic Buildings under Uncertainty

A Mixed-Integer Programming Model for Assessing Energy-Saving Investments in Domestic Buildings under Uncertainty

Interval analysis to address uncertainty in multicriteria energy market clearance

ATLANTIS: techno-economic model of the European electricity sector

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