Fractional programming approach to a cost minimization problem in electricity market

This paper was motivated by a practical optimization problem that appeared in electricity market of Mongolia. We consider the total average cost minimization problem of power companies of the Ulaanbaatar city. By solving an identification problem, we developed a fractional model that quite adequatel...

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Vydáno v:Yugoslav Journal of Operations Research Ročník 29; číslo 1; s. 43 - 50
Hlavní autoři: Gruzdeva, Tatiana, Enkhbat, Rentsen, Tungalag, Natsagdorj
Médium: Journal Article
Jazyk:angličtina
Vydáno: University of Belgrade 2019
Témata:
average cost
d.c. programming
electricity market
fractional minimization
linearization
local search
ISSN:0354-0243, 1820-743X
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Shrnutí:This paper was motivated by a practical optimization problem that appeared in electricity market of Mongolia. We consider the total average cost minimization problem of power companies of the Ulaanbaatar city. By solving an identification problem, we developed a fractional model that quite adequately represents the real data. The obtained problem turned out to be a fractional minimization problem over a box constraint, and to solve it, we propose a method that employs the global search theory for d.c. minimization. nema
ISSN:0354-0243
1820-743X
DOI:10.2298/YJOR171115003G