forecast

Application-Driven Learning: A Closed-Loop Prediction and Optimization Approach Applied to Dynamic Reserves and Demand Forecasting

  • Joaquim Dias Garcia
  • Tito Homem-de-Mello
  • Francisco D. Muñoz
  • Alexandre Street
    • Categories Applications - OR and Management Sciences, Applications - Science and Engineering, Optimization of Simulated Systems Tags , , , , ,

    Forecasting and decision-making are generally modeled as two sequential steps with no feedback, following an open-loop approach. In this paper, we present application-driven learning, a new closed-loop framework in which the processes of forecasting and decision-making are merged and co-optimized through a bilevel optimization problem. We present our methodology in a general format and prove … Read more

    On-Line Economic Optimization of Energy Systems Using Weather Forecast Information

  • Mihai Anitescu
  • Emil M. Constantinescu
  • Victor M. Zavala
  • Theodore Krause
    • Categories Chemical Engineering, Control Applications, Stochastic Programming Tags , , , , ,

    We establish an on-line optimization framework to exploit weather forecast information in the operation of energy systems. We argue that anticipating the weather conditions can lead to more proactive and cost-effective operations. The framework is based on the solution of a stochastic dynamic real-time optimization (D-RTO) problem incorporating forecasts generated from a state-of-the-art weather prediction … Read more