Michael Lucht

Nonlinear Optimisation in CHP-Applications

  • Wilhelm Althaus
  • Michael Lucht
  • Michael Wigbels
    • Categories Applications - Science and Engineering, Constrained Nonlinear Optimization, Nonlinear Optimization Tags , , , ,

    At the Fraunhofer Institute UMSICHT a nonlinear model has been developed facilitating the dynamic optimisation of combined heat and power production systems. The strategy called “dynamic supply temperature optimisation” is a very promising approach to use the DH-network itself as a large heat storage causing no additional investment cost. The pipeline system of a district … Read more

    Optimisation of physical and financial power purchase portfolios

  • Wilhelm Althaus
  • Michael Lucht
  • Gorden Spangardt
    • Categories Finance and Economics, Stochastic Programming Tags , , ,

    The deregulation of the European power market brings new sales prospects for the power-suppliers as well as an appreciable increase of entrepreneurial risks. In order to handle the novel price- and volume-risks the optimisation of decisionmaking under uncertain boundary conditions is of essential interest. The former task of resource management in energy-supply was the minimisation … Read more