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

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...

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Bibliographic Details
Published in:	Journal of optimization theory and applications Vol. 197; no. 2; pp. 573 - 607
Main Authors:	Kozanidis, George, Kostarelou, Eftychia
Format:	Journal Article
Language:	English
Published:	New York Springer US 01.05.2023 Springer Nature B.V
Subjects:	Algorithms Applications of Mathematics Calculus of Variations and Optimal Control; Optimization Energy distribution Engineering Exact solutions Hierarchies Integers Mathematics Mathematics and Statistics Operations Research/Decision Theory Optimization Programming Theory of Computation Cutting planes Integer parametric programming 90-08 Bilevel programming Energy producers Day-ahead electricity markets Optimal bidding offers 90-10
ISSN:	0022-3239, 1573-2878
Online Access:	Get full text
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