]nformation gap decision theory-based risk-constrained energy management of AC microgrids, By Sayyad Nojavan

Research

Title	]nformation gap decision theory-based risk-constrained energy management of AC microgrids
Type	Book
Keywords	AC microgrid, information gap decision theory, risk-taker strategy, risk-neutral strategy, risk-taker strategy, demand response provider, optimal energy management
Researchers	Sayyad Nojavan، Hamed Pashaei-didani

Abstract

In this chapter, to model pernicious and beneficial aspects of power price on the optimal op-eration of an AC microgrid (MG), the information gap decision theory (IGDT) is utilized. To assess positive sides of the uncertainty, the opportunity function and to model negative as-pects the robustness function of the IGDT method is utilized. Obtained results are provided in three strategies as risk-averse, risk-neutral, and risk-taker to give precise realization of the impacts of power price uncertainty. In each strategy the problem is solved in two cases as with and without demand response to show the impact of demand response providers and load reduction of industrial loads which are utilized to reduce total operating cost of the MG. Finally, the problem is formulated as mixed-integer non-linear programming solved using DICOPT solver in GAMS optimization software. All simulations carried out on a modified IEEE 33-bus system.