Simultaneous and sequential stochastic optimization approaches for pumped storage plant scheduling with random breakdowns

Keyphrases

• Disparity Index 33%
• Goal Programming 33%
• Pump Switch 33%
• Pumped Storage Plant 100%
• Pumped Storage Power Station 66%
• Pumping Unit 33%
• Random Breakdown 100%
• Reducing Disparities 33%
• Sequential Stochastic Optimization 100%
• Simultaneous Approach 33%
• Simultaneous Stochastic Optimization 100%
• Stochastic Failure 33%
• Two-stage Formulation 33%
• Unit Scheduling 33%

Engineering

• Computational Time 50%
• Conflicting Objective 50%
• Daily Basis 50%
• Electricity Demand 50%
• Generating Unit 50%
• Hourly Basis 50%
• Objective Function 100%
• Optimization Approach 100%
• Pumping Unit 50%
• Service Level 50%
• Storage Plant 100%

Mathematics

• Approximation Method 50%
• Mathematical Formulation 50%
• Minimizes 50%
• Objective Function 100%
• Sample Average 50%
• Stochastics 100%