Advanced search

Showing result 1 - 5 of 7 essays matching the above criteria.

  1. 1. Optimal Control of An Energy Storage System Providing Fast Charging and Ancillary Services

    University essay from KTH/Optimeringslära och systemteori

    Author : Max Völcker; Hugo Rolff; [2023]
    Keywords : Optimal Control; Model Predictive Control; Dynamic Programming; State-Space Representation; Monte Carlo Simulation; Frequency Regulation; Fast Charging; Energy Storage Systems; Net Present Value; Optimal styrteori; Modell-prediktiv reglering; Dynamisk programmering; Frekvensreglering; Snabbladdning; Energilager; Nuvärde;

    Abstract : In this thesis, we explore the potential of financing a fast charging system with energy storage by delivering ancillary services from the energy storage in an optimal way. Specifically, a system delivering frequency regulation services FCR-D Up and FCR-D Down in combination with energy arbitrage trading is considered. READ MORE

  3. 2. On Merton's Portfolio Problem : A Stochastic Optimal Control Problem

    University essay from Umeå universitet/Institutionen för matematik och matematisk statistik

    Author : Hugo Jacobsson; [2022]
    Keywords : ;

    Abstract : The purpose of this thesis is to examine and solve a classic financial optimization problem known as Merton’s Portfolio Problem. The problem is driven by a stochastic process and can thereby be classified as a stochastic optimal control problem. READ MORE

  4. 3. Stochastic Adaptive Robust Approach in the Optimal Bidding Behavior of a Virtual Power Plant in the Multi-Market Setup

    University essay from KTH/Skolan för elektroteknik och datavetenskap (EECS)

    Author : Nina Manivong; [2022]
    Keywords : Robust optimization; stochastic programming; strategic offering; uncertainty; virtual power plant; hydro-power; wind; storage; Robust optimering; stokastisk programmering; strategiskt erbjudande; osäkerhet; virtuellt kraftverk; vattenkraft; vindkraft; lagring;

    Abstract : Hydropower in Sweden is a powerful and efficient source of energy due to its flexibility, usually used to balance the Swedish power system. With the transition of power system into more intermittent power sources, the role of hydro-power as producers will become more important. READ MORE

  5. 4. Open Source Grid Expansion Models for the EU Project Spine

    University essay from KTH/Skolan för elektroteknik och datavetenskap (EECS)

    Author : Akshaya Tammanur Ravi; [2021]
    Keywords : Expansion Planning; Renewable Energy Sources; Operational Variability; Representative Days; Long-term Uncertainties; Stochastic Optimization; Utbyggnadsplanering; Förnybara energikällor; Variabel driftsituation; Representativa dagar; Långsiktiga osäkerheter; Stokastisk optimering;

    Abstract : Modern power systems are at the forefront of addressing the transition towards a decarbonized energy system, with increased integration of renewable energy sources becoming the key means to achieve the same. In this context, an expansion planning problem provides a decision support framework for investments in new generation and transmission assets over a long time-frame, addressing a wide range of technical and economic criteria aligned with national policies. READ MORE

  6. 5. Optimisation of the Distribution of COVID-19 Vaccines

    University essay from KTH/Matematisk statistik

    Author : Paula Isacson; Daniel Maslov; [2021]
    Keywords : Mixed-integer program; stochastic program; supply chain management; reliability; Blandad heltalsprogrammering; stokastisk programmering; logistik av försörjningskedja; tillförlitlighet;

    Abstract : This paper explores how to optimally distribute vaccines by deciding what middle warehouses to use for storage. For this purpose, a network has been designed with a central warehouse, a set of middle warehouses and a set of local hospitals. READ MORE