Models for Optimization of Power Systems

This chapter provides an overview of possible approaches that can be outlined to model and analyze the decision problems encountered in different stages of power production and delivery. The introduced models can be used for the control of two of the most important activities in power system management: production and transmission. In both cases, we describe how a single producer or an entire system can draw benefits from using optimization techniques for fine-tuning the expansion decisions to be taken. The theoretical basis for the analysis is drawn from different branches of operational research and optimization, ranging from mixed integer linear programming to stochastic programming and bilevel programming.