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Risk-Based Decision Support Model for the Optimal Operation of a Smart Energy Distribution Company for Enabling Emerging Resources
|Title:||Risk-Based Decision Support Model for the Optimal Operation of a Smart Energy Distribution Company for Enabling Emerging Resources|
|Authors:||Sadati, S. M. B.|
|Keywords:||Decision Support for Complex Networks|
Decision Analytics, Mobile Services, and Service Science
Risk; Decision Support; Optimal Operation; Distribution Company; Emerging Resources.
|Date Issued:||08 Jan 2019|
|Abstract:||In this paper, a risk-based decision support model is developed for a smart energy distribution company, enabling emerging resources like renewable energy sources, electric vehicles and demand response programs in a holistic approach. Because of the inherent uncertainties of these emerging resources, the conditional value-at-risk (CVaR) method is adopted to restrict the distribution company’s risk. A risk aversion parameter sensitivity analysis is also provided on the optimal operation of the smart energy distribution company. The proposed model is thoroughly tested on a 15-bus distribution grid system, and the numerical results prove the effectiveness of the model in risk management.|
|Rights:||Attribution-NonCommercial-NoDerivatives 4.0 International|
|Appears in Collections:||
Decision Support for Complex Networks|
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