This paper analyzes the effects of storage facilities on optimal zonal pricing in competitive electricity markets. In particular, we propose a zonal pricing model that comprises consumers, producers, and storage facilities on a network with constrained transmission capacities. In its two limit cases, our zonal pricing model includes the reference nodal pricing model as well … Read more
Electric vehicles are a prime candidate for use within an urban car sharing system, both from an economic and environmental perspective. However, their relatively short range necessitates frequent and rather time-consuming recharging throughout the day. Thus, charging stations must be built throughout the system’s operational area where cars can be charged between uses. In this … Read more
In this article, we introduce and study a two-stage stochastic optimization problem suitable to solve strategic optimization problems of car-sharing systems that utilize electric cars. By combining the individual advantages of car-sharing and electric vehicles, such electric car-sharing systems may help to overcome future challenges related to pollution, congestion, or shortage of fossil fuels. A … Read more
In this paper we present a stochastic optimization problem for a strategic major consumer who has flexibility over its consumption and can offer reserve. Our model is a bi-level optimization model (reformulated as a mixed-integer program) that embeds the optimal power flow problem, in which electricity and reserve are co-optimized. We implement this model for … Read more
Maritime transportation plays a crucial role in the international economy. Port container terminals around the world compete to attract more traffic and are forced to offer better quality of service. This entails reducing operating costs and vessel service times. In doing so, one of the most important problems they face is the Berth Allocation and … Read more
This paper addresses the Entropic Value-at-Risk (EVaR), a recently introduced coherent risk measure. It is demonstrated that the norms induced by EVaR induce the same Banach spaces, irrespective of the confidence level. Three spaces, called the primal, dual, and bidual entropic spaces, corresponding with EVaR are fully studied. It is shown that these spaces equipped … Read more
We present a novel complex number formulation along with tight convex relaxations for the aircraft conflict resolution problem. Our approach combines both speed and heading control and provides global optimality guarantees despite non-convexities in the feasible region. As a side result, we present a new characterization of the conflict separation condition in the form of … Read more
The speed optimization problem over a path aims to find a set of speeds over each arc of the given path to minimize the total cost, while respecting the time-window constraint at each node and speed limits over each arc. In maritime transportation, the cost represents fuel cost or emissions, so study of this problem … Read more
Research on non-regular performance measures is at best scarce in the deterministic machine scheduling literature with machine unavailability constraints. Moreover, almost all existing works in this area assume either that processing on jobs interrupted by an interval of machine unavailability may be resumed without any additional setup/processing or that all prior processing is lost. In … Read more
We present a novel formulation for startup cost computation in the unit commitment problem (UC). Both the proposed formulation and existing formulations in the literature are placed in a formal, theoretical dominance hierarchy based on their respective linear programming relaxations. The proposed formulation is tested empirically against existing formulations on large-scale unit commitment instances drawn … Read more