GridPenguin: A District Heating Network Simulator

District heating system (DHS) optimization is becoming an increasingly important problem because of the unused potential in flexibility that could allow less energy being wasted and the integration of renewable energy. While new optimization methods are proposed every year to tackle this problem, the literature lacks a good way to benchmark...

Now, later, or both: A closed-form optimal decision for a risk-averse buyer

Motivated by the energy domain, we examine a risk-averse buyer that has to purchase a fixed quantity of a continuous good. The buyer has two opportunities to buy: now or later. The buyer can spread the quantity over the two timeslots in any way, as long as the total quantity remains the same. The current price is known, but the future price...