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      • Theses - Department of Industrial Engineering
      • Dept. of Industrial Engineering - Master's degree
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      Multi-stage stochastic programming for demand response optimization

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      Embargo Lift Date: 2019-08-06
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      Author(s)
      Şahin, Munise Kübra
      Advisor
      Paternotte, Hande Yaman
      Date
      2018-08
      Publisher
      Bilkent University
      Language
      English
      Type
      Thesis
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      Abstract
      The increase in the energy consumption puts pressure on natural resources and environment and results in a rise in the price of energy. This motivates residents to schedule their energy consumption through demand response mechanism. We propose a multi-stage stochastic programming model to schedule di erent kinds of electrical appliances under uncertain weather conditions and availability of renewable energy. We incorporate appliances with internal batteries to better utilize the renewable energy sources. Our aim is to minimize the electricity cost and the residents' dissatisfaction. We use a scenario groupwise decomposition approach to compute lower and upper bounds for instances with a large number of scenarios. The results of our computational experiments show that the approach is very e ective in nding high quality solutions in small computation times. We provide insights about how optimization and renewable energy combined with batteries for storage result in peak demand reduction, savings in electricity cost and more pleasant schedules for residents with di erent levels of price sensitivity.
      Keywords
      Smart Grid
      Demand Response
      Multi-Stage Stochastic Programming
      Scenario Groupwise Decomposition
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      http://hdl.handle.net/11693/47729
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      • Dept. of Industrial Engineering - Master's degree 326
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