Distributionally Robust Optimization and its Applications in Power System Energy Storage Sizing

This book introduces the mathematical foundations of distributionally robust optimization (DRO) for decision-making problems with ambiguous uncertainties and applies them to tackle the critical challenge of energy storage sizing in renewable-integrated power systems, providing readers with an effici...

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Bibliographic Details
Main Authors: Xie, Rui, Wei, Wei (Author)
Format: eBook
Language:English
Published: Singapore Springer Nature Singapore 2024, 2024
Edition:1st ed. 2024
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Description
Summary:This book introduces the mathematical foundations of distributionally robust optimization (DRO) for decision-making problems with ambiguous uncertainties and applies them to tackle the critical challenge of energy storage sizing in renewable-integrated power systems, providing readers with an efficient and reliable approach to analyze and design real-world energy systems with uncertainties. Covering a diverse range of topics, this book starts by exploring the necessity for energy storage in evolving power systems and examining the benefits of employing distributionally robust optimization. Subsequently, the cutting-edge mathematical theory of distributionally robust optimization is presented, including both the general theory and moment-based, KL-divergence, and Wasserstein-metric distributionally robust optimization theories. The techniques are then applied to various practical energy storage sizing scenarios, such as stand-alone microgrids, large-scale renewable power plants, bulkpower grids, and multi-carrier energy networks. This book offers clear explanations and accessible guidance to bridge the gap between advanced optimization methods and industrial applications. Its interdisciplinary scope makes the book appealing to researchers, graduate students, and industry professionals working in electrical engineering and operations research, catering to both beginners and experts
Physical Description:XX, 452 p. 81 illus online resource
ISBN:9789819725663