SMART: A Stochastic Multiscale Model for the Analysis of Energy Resources, Technology, and Policy
نویسندگان
چکیده
We address the problem of modeling long-term energy policy and investment decisions while retaining the important ability to capture fine-grained variations in intermittent energy and demand, as well as storage. In addition, we wish to capture sources of uncertainty such as future energy policies, climate, and technological advances, in addition to the variability as well as uncertainty in wind energy, demands, prices and rainfall. Accurately modeling the value of all investments such as wind and solar requires handling fine-grained temporal variability and uncertainty in wind and solar, as well as the use of storage. We propose a modeling and algorithmic strategy based on the framework of approximate dynamic programming (ADP) that can model these problems at hourly time increments over a multidecade horizon, while still capturing different types of uncertainty. This paper describes initial proof of concept experiments for an ADP-based model, called SMART, by describing the modeling and algorithmic strategy, and providing comparisons against a deterministic benchmark as well as initial experiments on stochastic datasets.
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ورودعنوان ژورنال:
- INFORMS Journal on Computing
دوره 24 شماره
صفحات -
تاریخ انتشار 2012