TY - JOUR
T1 - Financial risk evaluation in stochastic PBUC
AU - Wu, Lei
AU - Shahidehpour, Mohammad
PY - 2009
Y1 - 2009
N2 - This letter is an extension of our previous price-based unit commitment (PBUC) work. This letter identifies a frontier relationship between payoff and risk. This letter also discusses the calculation of target value and risk using payoff-risk frontiers. Test results show a trade-off between risk minimization and payoff maximization for power generation utilities.
AB - This letter is an extension of our previous price-based unit commitment (PBUC) work. This letter identifies a frontier relationship between payoff and risk. This letter also discusses the calculation of target value and risk using payoff-risk frontiers. Test results show a trade-off between risk minimization and payoff maximization for power generation utilities.
KW - Mixed-integer programming (MIP)
KW - Risk
KW - Stochastic unit commitment
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U2 - 10.1109/TPWRS.2009.2030260
DO - 10.1109/TPWRS.2009.2030260
M3 - Article
AN - SCOPUS:70350710037
SN - 0885-8950
VL - 24
SP - 1896
EP - 1897
JO - IEEE Transactions on Power Systems
JF - IEEE Transactions on Power Systems
IS - 4
ER -