Patent ID: 8949160
Filing Date: 2015-02-03
Classification: G06F,G06N,G06Q,H02J,Y02E,Y04S

Abstract:
1. A system for providing scenario tree generation based at least in part upon scenario reduction, the system comprising one or more processor units configured for: receiving for at least a first time period a first forecast, wherein the first forecast comprises a first set of scenarios; reducing the first set of scenarios to a first subset of scenarios, wherein the first subset of scenarios comprises a subset of the first set of scenarios; receiving for at least a second time period a second forecast, wherein the second forecast comprises a second set of scenarios; reducing the second set of scenarios to a second subset of scenarios, wherein the second subset of scenarios comprises a subset of the second set of scenarios; and generating a scenario tree based at least in part upon the first subset of scenarios and the second subset of scenarios; wherein the scenario tree has interperiod independency; wherein the steps of reducing comprise applying an input Ξ to an algorithm to produce an output {tilde over (Ξ)}; and wherein the algorithm comprises: