Bilevel optimization to deal with demand response in power grids: models, methods and challenges
This paper presents a review of selected models, methods, and challenges associated with the use of bilevel optimization in problems that involve consumers’ demand response arising in the power sector. The main formulations and concepts of bilevel optimization are presented. The importance of demand...
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Published in | TOP Vol. 28; no. 3; pp. 814 - 842 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Berlin/Heidelberg
Springer Berlin Heidelberg
01.10.2020
Springer Nature B.V |
Subjects | |
Online Access | Get full text |
ISSN | 1134-5764 1863-8279 |
DOI | 10.1007/s11750-020-00573-y |
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Abstract | This paper presents a review of selected models, methods, and challenges associated with the use of bilevel optimization in problems that involve consumers’ demand response arising in the power sector. The main formulations and concepts of bilevel optimization are presented. The importance of demand response as a “dispatchable” resource in the evolution of power networks to smart grids is emphasized. The hierarchical nature of the interaction between decision-makers controlling different sets of variables in several problems involving demand response is highlighted, which establishes bilevel optimization as an adequate approach to decision support. The main concepts and solution approaches to those problems are underlined, in the context of the theoretical, methodological, and computational issues associated with bilevel optimization. |
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AbstractList | This paper presents a review of selected models, methods, and challenges associated with the use of bilevel optimization in problems that involve consumers’ demand response arising in the power sector. The main formulations and concepts of bilevel optimization are presented. The importance of demand response as a “dispatchable” resource in the evolution of power networks to smart grids is emphasized. The hierarchical nature of the interaction between decision-makers controlling different sets of variables in several problems involving demand response is highlighted, which establishes bilevel optimization as an adequate approach to decision support. The main concepts and solution approaches to those problems are underlined, in the context of the theoretical, methodological, and computational issues associated with bilevel optimization. |
Author | Ecer, Billur Henggeler Antunes, Carlos Alves, Maria João |
Author_xml | – sequence: 1 givenname: Carlos orcidid: 0000-0003-4754-2168 surname: Henggeler Antunes fullname: Henggeler Antunes, Carlos email: ch@deec.uc.pt, mjalves@fe.uc.pt, billurecer@gmail.com organization: INESC Coimbra, Department of Electrical and Computer Engineering, University of Coimbra – sequence: 2 givenname: Maria João surname: Alves fullname: Alves, Maria João organization: CeBER and Faculty of Economics, University of Coimbra – sequence: 3 givenname: Billur surname: Ecer fullname: Ecer, Billur organization: Industrial Engineering Department, Ankara Yildirim Beyazit University |
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Keywords | Bilevel optimization 90C26 (Nonconvex programming, global optimization) 90C90 (Applications of mathematical programming) Demand response Power grids 90-02 (Research exposition (monographs, survey articles) pertaining to operations research mathematical programming) Power systems |
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SubjectTerms | Business and Management Decision making Economic Theory/Quantitative Economics/Mathematical Methods Economics Finance Industrial and Production Engineering Insurance Management Operations Research/Decision Theory Optimization Original Paper Power consumption Smart grid Statistics for Business |
Title | Bilevel optimization to deal with demand response in power grids: models, methods and challenges |
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