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Enhancing optimization accuracy in power systems: Investigating correlation effects on objective function values

This study addresses the critical yet often overlooked aspect of incorporating correlations among input stochastic variables in power system planning and scheduling optimization. While existing literature has extensively focused on uncertainty modelling, there remains a gap in fully assessing the co...

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Bibliographic Details
Main Authors: ALAhmad A.K., Verayiah R., Ramasamy A., Shareef H.
Other Authors: 58124002200
Format: Article
Published: Elsevier B.V. 2025
Subjects:
Decision making
Electric network analysis
Intelligent systems
Monte Carlo methods
Solar power generation
Stochastic models
Stochastic systems
Uncertainty analysis
Hybrid optimization
Hybrid optimization technique
Independent and correlated stochastic variable
Monte carlo simulation
Monte Carlo's simulation
Operations Modeling
Optimization operation
Optimization techniques
Power system optimization operation model
Power systems optimizations
Stochastic variable
Uncertainty models
Optimization
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