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...

The Maintenance Location Choice Problem for railway rolling stock

Due to increasing railway use, the capacity at railway yards and maintenance locations is becoming limiting to accommodate existing rolling stock. To reduce capacity issues at maintenance locations during nighttime, railway undertakings consider performing more daytime maintenance, but the choice at which locations personnel needs to be...

Electricity Markets for DC Distribution Systems: Locational Pricing Trumps Wholesale Pricing

DC distribution systems are a promising alternative to existing AC distribution systems. They connect customers to local energy sources without conversion, thus reducing power losses. However, the unique features of DC impose strict requirements for system operation compared to AC. Within the context of a liberalized energy market, this...

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...