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Optimization Principles : Practical Applications to The Operation and Markets of The Electric Power Industry

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The merits or otherwise of deregulation – if competition in the electricity industry is possible to the extent that it can bring benefits to consummers – is worthy of debate. The concern is about the acquisition of new skills and proficiency by the professionals in the electric power industry to meet new challenges.rnOptimization techniques have been around for quite time, not to mention that the mathematical underpinning precede such techniques by a century or more. However, the power industry, exceptin the field of manufacturing apparatus, has been rather concervative and phlegmatic in embracing these techniques for analysis. An example is that of optimal power flow (OPF) solution, which has been around for at least a quarter of a century. Nevertheless, practicing professionals, by and large, viewed it as the pursuit and intellectual curiosity of some academicians and researchers. Such techniques, with some rare exceptions, had no day to day use for decision making in the power industry.rnSuddenly, unware as the industry was, deregulation changed it all. The market rules and economic principles to price commodities at marginal cost made it necessary to use more and more sophisticated algorithms containing optimization techniques, either for the dispatch of the power system itself or for the settlement of markets. OPF is one such technique essential for the computation of locational marginal prices (LMP) of energy in a network.rnAgainst this backdrop, as the need for sophisticated methods and algorithms werwe and being felt, software vendors are rising to the occasion. However, the corresponding universal appreciatin of such sophistications appears to be absecent among the practicing professionals of the industry.rnGiven the refractory attitude of the past and that changes are fast, the practising proffesional has had no time to catch up. It is not uncommon in meetings to hear senior staff speak of LMP and other matters related to even elementary optimization techniques making their lack of awarness transparent to those who know the field well.rnThe observation that the engineering curriculum in most schools does not address linear programming techniques in the undergraduate level, and on occasion in postgraduate level as well. However, this is a fundamental requirement in most undergraduate curriculums for economic majors.rnBecause of these observations, a book on optimization techniques that addressed practical applications more than the theory was needed. Additionally, such a book should enable the senior managers to study at their own leisure and privacy using the PC as an aid. Such an education might even be enjoyable and might enthrall the reader to appreciate the beauty of optimization techniques and its application not only to engineering problems, but to social sciences as well.rnThe intent of this book is to help practicing engineers as well as the senior staff in the electricity power industry to become aware of, if not dexterous in, optimization techniques. Of course, a student who works all the exercise and understands the underlying programs of spreadsheets will move closer to dexterity.rnAs the power industry has changed, so has the availibility of personal computers and algorithms. In many earlier days of profession, engineers spent several days developing algorithms to solve a problem. Today, algorithms of all types and from multiple sources are available at very reasonable prices, making it unattractive fro any organization to develop its own algoritms. For example, some mathematical and statistical packages are available from NAG, IMSL, GAMS, and several other sources based on the fruits of research of the world’s best engineers and mathematicians. Presumably, there are several other sources, all of which one cannot know in one’s own lifetime. For example, Wall Street financial professionals routinely use linear program software packages that solve for thousands of choice variables with several thousands of constaraints. On top of that, on the ubiquitious PC, one has excel, MATLAB, and other software, which have optimization packages that are excellent for small to even fairly large problems.rnTherefore, it is necessary for the reader to have access to a personal computer with Microsoft Excel software. The advanced reader may prefer to use MATLAB instead of the Excel solver to confirm the solution to examples in the book. rnThis book serves well as a text for postgraduate or senior undergraduate students in engineering for a one-semester course. A rigorous curriculum can extend this to a two-semester course by making exercise problems compulsory.rn

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Ketersediaan

090101128

Tersedia

Informasi Detil

Judul Seri

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No. Panggil

621.3 RAU o

Penerbit

Wiley Inter Science : Canada., 2003

Deskripsi Fisik

xvii, 339 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

621.3 RAU o

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subyek

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Info Detil Spesifik

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Pernyataan Tanggungjawab

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