Pennsylvania State University 3 credits EME
This course covers the formulation of and solution methods for a full range of economic-engineering investment and operations problems for electric power systems. Application problems include economic dispatch, unit commitment, optimal power flow, generation capacity expansion, transmission expansion, and modeling of competitive electricity markets. Solution methods include linear programming, mixed integer programming, decomposition methods for stochastic programming (e.g., Lagrangian Relaxation, Benders Decomposition), and mixed complementarity problems, with an emphasis on numerical implementation.
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