Price-based coordination of interconnected systems with access to external markets

dc.contributor.authorMaxeiner, Lukas
dc.contributor.authorWenzel, Simon
dc.contributor.authorEngell, Sebastian
dc.date.accessioned2021-01-22T10:42:53Z
dc.date.available2021-01-22T10:42:53Z
dc.date.issued2018
dc.description.abstractMany industrial processes are coupled via multiple networks of energy and materials to achieve a resource and energy efficient production. In many cases however, setting up an integrated optimization problem for all units or plants that are directly connected to the networks is not possible, especially when not all information can be shared. In such cases, dual decomposition or price-based coordination can be used, where optimal transfer prices are iteratively determined at which the networks are balanced and the resources are allocated optimally between the participants. In this contribution, price-based coordination is extended to include the situation where limited resources can be bought or sold at predefined prices from external markets (e.g. via pipelines) and the resulting algorithms are demonstrated for a realistic example.en
dc.identifier.urihttp://hdl.handle.net/2003/40001
dc.identifier.urihttp://dx.doi.org/10.17877/DE290R-21884
dc.language.isoende
dc.relation.ispartofseriesComputer Aided Chemical Engineering;44
dc.subjectDistributed optimizationen
dc.subjectPrice-based coordinationen
dc.subjectDual decompositionen
dc.subjectExternal resourcesen
dc.subjectShared-resource allocationen
dc.subject.ddc660
dc.titlePrice-based coordination of interconnected systems with access to external marketsen
dc.typeTextde
dc.type.publicationtypebookPartde
dcterms.accessRightsopen access
eldorado.secondarypublicationtruede
eldorado.secondarypublication.primarycitationLukas S. Maxeiner, Simon Wenzel, Sebastian Engell: Price-based coordination of interconnected systems with access to external markets, in: Computer Aided Chemical Engineering Volume 44, 2018, Pages 877-882de
eldorado.secondarypublication.primaryidentifierhttps://doi.org/10.1016/B978-0-444-64241-7.50141-5de

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