european gas market

European Gas Infrastructure Expansion Planning: An Adaptive Robust Optimization Approach

  • Iegor Riepin
  • Matthew Schmidt
  • Luis Baringo
  • Felix Müsgens
    • Categories Finance and Economics, Robust Optimization Tags , , ,

    The European natural gas market is undergoing fundamental changes, fostering uncertainty regarding both supply and demand. This uncertainty is concentrated in the value of strategic infrastructure investments, e.g., projects of common interest supported by European Union public funds, to safeguard security of supply. This paper addresses this matter by suggesting an adaptive robust optimization framework … Read more

    On Convex Lower-Level Black-Box Constraints in Bilevel Optimization with an Application to Gas Market Models with Chance Constraints

  • Holger Heitsch
  • René Henrion
  • Thomas Kleinert
  • Martin Schmidt
    • Categories Applications - OR and Management Sciences, Cutting Plane Approaches, Stochastic Programming Tags , , , ,

    Bilevel optimization is an increasingly important tool to model hierarchical decision making. However, the ability of modeling such settings makes bilevel problems hard to solve in theory and practice. In this paper, we add on the general difficulty of this class of problems by further incorporating convex black-box constraints in the lower level. For this … Read more