The Next Generation of Electric Power Unit Commitment Models

Over the years, the electric power industry has been using optimization methods to help them solve the unit commitment problem. The result has been savings of tens and perhaps hundreds of millions of dollars in fuel costs. Things are changing, however. Op

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INTERNATIONAL SERIES IN OPERATIONS RESEARCH & MANAGEMENT SCIENCE Frederick S. Hillier, Series Editor Stanford University Saigal, R. / LINEAR PROGRAMMING: A Modern Integrated Analysis Nagurney, A. & Zhang, D. / PROJECTED DYNAMICAL SYSTEMS AND VARIATIONAL INEQUALITIES WITH APPLICATIONS Padberg, M. & Rijal, M. / LOCATION, SCHEDULING, DESIGN AND INTEGER PROGRAMMING Vanderbei, R. / LINEAR PROGRAMMING: Foundations and Extensions Jaiswal, N.K. / MILITARY OPERATIONS RESEARCH: Quantitative Decision Making Gal, T. & Greenberg, H. / ADVANCES IN SENSITIVITY ANALYSIS AND PARAMETRIC PROGRAMMING Prabhu, N.U. / FOUNDATIONS OF QUEUEING THEORY Fang, S.-C., Rajasekera, J.R. & Tsao, H.-S.J. / ENTROPY OPTIMIZATION AND MATHEMATICAL PROGRAMMING Yu, G. / OPERATIONS RESEARCH IN THE AIRLINE INDUSTRY Ho, T.-H. & Tang, C. S. / PRODUCT VARIETY MANAGEMENT El-Taha, M. & Stidham , S. / SAMPLE-PATH ANALYSIS OF QUEUEING SYSTEMS Miettinen, K. M. / NONLINEAR MULTIOBJECTIVE OPTIMIZATION Chao, H. & Huntington, H. G. / DESIGNING COMPETITIVE ELECTRICITY MARKETS Weglarz, J. / PROJECT SCHEDULING: Recent Models, Algorithms & Applications Sahin, I. & Polatoglu, H. / QUALITY, WARRANTY AND PREVENTIVE MAINTENANCE Tavares, L. V. / ADVANCED MODELS FOR PROJECT MANAGEMENT Tayur, S., Ganeshan, R. & Magazine, M. / QUANTITATIVE MODELING FOR SUPPLY CHAIN MANAGEMENT Weyant, J./ ENERGY AND ENVIRONMENTAL POLICY MODELING Shanthikumar, J.G. & Sumita, U./APPLIED PROBABILITY AND STOCHASTIC PROCESSES Liu, B. & Esogbue, A.O. / DECISION CRITERIA AND OPTIMAL INVENTORY PROCESSES Gal, T., Stewart, T.J., Hanne, T./ MULTICRITERIA DECISION MAKING: Advances in MCDM Models, Algorithms, Theory, and Applications Fox, B. L./ STRATEGIES FOR QUASI-MONTE CARLO Hall, R.W. / HANDBOOK OF TRANSPORTATION SCIENCE Grassman, W.K./ COMPUTATIONAL PROBABILITY Pomerol, J-C. & Barba-Romero, S. / MULT1CRITERION DECISION IN MANAGEMENT Axsäter, S. / INVENTORY CONTROL Wolkowicz, H., Saigal, R., Vandenberghe, L./ HANDBOOK OF SEMI-DEFINITE PROGRAMMING: Theory, Algorithms, and Applications Hobbs, B. F. & Meier, P. / ENERGY DECISIONS AND THE ENVIRONMENT: A Guide to the Use of Multicriteria Methods Dar-El, E./ HUMAN LEARNING: From Learning Curves to Learning Organizations Armstrong, J. S./ PRINCIPLES OF FORECASTING: A Handbook for Researchers and Practitioners Balsamo, S., Personé, V., Onvural, R./ ANALYSIS OF QUEUEING NETWORKS WITH BLOCKING Bouyssou, D. et al/ EVALUATION AND DECISION MODELS: A Critical Perspective Hanne, T./ INTELLIGENT STRATEGIES FOR META MULTIPLE CRITERIA DECISION MAKING Saaty, T. & Vargas, L./ MODELS, METHODS, CONCEPTS & APPLICATIONS OF THE ANALYTIC HIERARCHY PROCESS Chatterjee, K. & Samuelson, W./ GAME THEORY AND BUSINESS APPLICATIONS

THE NEXT GENERATION OF ELECTRIC POWER UNIT COMMITMENT MODELS

Editors Benjamin F. Hobbs The Johns Hopkins University Michael H. Rothkopf Rutgers University Richard P. O’Neill Federal Energy Regulatory Commission

Hung-po Chao Electric Power Research Institute

KLUWER ACADEMIC PUBLISHERS NEW YORK, BOSTON, DORDRECHT, LONDON, MOSCOW

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