Projects per year
Abstract
We explore the class of trilevel equilibrium problems with a focus on energy-environmental applications and present a novel single-level reformulation for such problems, based on strong duality. To the best of our knowledge, only one alternative single-level reformulation for trilevel problems exists. This reformulation uses a representation of the bottom-level solution set, whereas we propose a reformulation based on strong duality. Our novel reformulation is compared to this existing formulation, discussing both model sizes and computational performance. In particular, we apply this trilevel framework to a power market model, exploring the possibilities of an international policymaker in reducing emissions of the system. Using the proposed approach, we are able to obtain globally optimal solutions for a five-node case study representing the Nordic countries and assess the impact of a carbon tax on the electricity production portfolio.
Original language | English |
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Pages (from-to) | 1-16 |
Number of pages | 16 |
Journal | Journal of the Operational Research Society |
DOIs | |
Publication status | E-pub ahead of print - 2024 |
MoE publication type | A1 Journal article-refereed |
Keywords
- bilevel optimisation
- Equilibrium modelling
- power systems modelling
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Oliveira EasyDR: EasyDR - Enabling household scale demand response through easy to use open source approach
Pinheiro de Oliveira, F. (Principal investigator), Chanpiwat, P. (Project Member), Belyak, N. (Project Member), Hankimaa, H. (Project Member) & Liu, Y. (Project Member)
EU The Recovery and Resilience Facility (RRF)
01/01/2022 → 31/12/2024
Project: Academy of Finland: Other research funding
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Oliveira_Fabricio_AoF_Project: Oliveira Fabricio AoF Project
Pinheiro de Oliveira, F. (Principal investigator), Andelmin, J. (Project Member), Weller, P. (Project Member), Herrala, O. (Project Member), Terho, T. (Project Member), Belyak, N. (Project Member), Hankimaa, H. (Project Member), Stinzendörfer, M. (Project Member) & Honkamaa, E. (Project Member)
01/09/2020 → 31/08/2024
Project: Academy of Finland: Other research funding