Abstract
Interval economic dispatch only gives an interval solution, which cannot be used for the practical dispatch schedule, but only be used for evaluating the impact of wind power uncertainties. To find an optimal dispatch schedule from the interval solution while providing a “robust” solution for power system operators, interval robust optimization is proposed, including adaptive interval robust optimization and two-stage interval optimization models. The optimal solution from interval robust optimization is sacrificed by guaranteeing the whole security within the uncertainty set, which may lead to the conservatism comparing to the traditional deterministic economic dispatch. To reduce the conservatism, the price of robustness is introduced for decision makers.
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Ding, T. (2017). Robust Interval Economic Dispatch and the Price of Robustness. In: Power System Operation with Large Scale Stochastic Wind Power Integration. Springer Theses. Springer, Singapore. https://doi.org/10.1007/978-981-10-2561-7_5
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DOI: https://doi.org/10.1007/978-981-10-2561-7_5
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