TY  - JOUR
T1  - Multi-horizon Modeling in Hydro Power Planning
A1  - Abgottspon, Hubert
A1  - Andersson, Göran
JA  - Energy Procedia
Y1  - 2016
VL  - 87
SP  - 2
EP  - 10
SN  - 1876-6102
N1  - 5th International Workshop on Hydro Scheduling in Competitive Electricity Markets
UR  - http://www.sciencedirect.com/science/article/pii/S1876610215030404
M2  - doi: 10.1016/j.egypro.2015.12.351
KW  - stochastic dual dynamic programming
N2  - Abstract In this paper, a novel modeling framework is proposed, the multi-horizon modeling approach. This approach allows a very detailed and transparent modeling of many problems in hydro power planning by simultaneously being computationally very efficient. The model is applied to a complex pumped storage hydro power plant in a liberalized market environment in order to give decision support for the self-scheduling of it. The modeling framework is compared to three alternative state-of-the-art modeling approaches. The results suggest that multi-horizon models are especially valuable for the modeling of hydro power plants with different types of reservoirs.
ER  -