MILP based short-term centralized and decentralized scheduling of a hydro-chain on Kelkit River
Forecasting and MILP based common pool resource management method is developed for short-term scheduling. The day-ahead market prices used in planning are estimated with time-series methods. Method is applied to the model of a hydro-chain at Kelkit River for the first time. Benefits of centralized approach over decentralized approach are investigated. Centralized approach reduces spillages and increases overall profit.
forecasting reservoir scheduling optimization models electric power energy sources hydro power