2023
Authors
Brito, J; Goloubentsev, A; Goncharov, E;
Publication
JOURNAL OF COMPUTATIONAL FINANCE
Abstract
In this paper we explain how to compute gradients of functions of the form G = 1/2 Sigma(m)(i=1) (Ey(i) - C-i )(2), which often appear in the calibration of stochastic models, using automatic adjoint differentiation and parallelization. We expand on the work of Goloubentsev and Lakshtanov and give approaches that are faster and easier to implement. We also provide an implementation of our methods and apply the technique to calibrate European options.
2023
Authors
Serrano, HDM; Reiz, C; Leite, JB;
Publication
PROCESSES
Abstract
Over time, distribution systems have progressed from small-scale systems to complex networks, requiring modernization to adapt to these increasing levels of active loads and devices. It is essential to manage the capacity of distribution networks to support all these new technologies. This work, therefore, presents a method for evaluating the impact of optimal allocation and sizing of DGs and load shedding for response demand programs on distribution networks to improve the reliability and financial performance of electric power systems. The proposed optimization tool uses the Greedy Randomized Adaptive Search Procedure and Tabu Search algorithms. The combined optimization of DG allocation simultaneously with load shedding, reliability indices, load transference, and the possibility of islanded operation significantly improves the quality of the planning proposals obtained by the developed method. The results demonstrate the efficiency and robustness of the proposed method, improving the voltage profile by up to 2.02%, relieving the network capacity, and increasing the load restoration capability and reliability. Statistical analysis is also carried out to highlight the performance of the proposed methodology.
2023
Authors
Reiz, C; Pereira, CEM; Leite, JB;
Publication
ENERGIES
Abstract
Electrical distribution companies have been investing in modernizing their structures, especially operation automation. The integration of information technologies and communications makes fast power restoration during fault events, providing better profit to companies and a more reliable and safe distribution network for customers. A self-healing strategy can be implemented for protection and control devices to work cooperatively, achieving the global purpose of automatic distribution system restoration. Thus, this work proposes a methodology for short-circuit fault detection, isolation of the faulted section, and restoration of downstream sections using neighbor feeders. The protection devices use standardized IEC and ANSI/IEEE functions to sensitize faults in the system and to promote adequate isolation, allowing the consequent restorative process. A genetic algorithm optimizes the devices’ parameters used in the protection scheme, making fastest the isolation process and ensuring the protection system coordination and selectivity. Results obtained using Simulink® allows for verifying the proposed methodology’s behavior and efficiency.
2023
Authors
Bayo Besteiro, S; de la Torre, L; Costoya, X; Gómez Gesteira, M; Pérez Alarcón, A; deCastro, M; Añel, J;
Publication
Renewable Energy
Abstract
2023
Authors
Bayo Besteiro, S; de la Torre, L; Costoya, X; Gómez Gesteira, M; Pérez Alarcón, A; deCastro, M; Añel, JA;
Publication
RENEWABLE ENERGY
Abstract
The Atacama desert is a region with exceptional conditions for solar power production. However, despite its relevance, the impact of climate change on this resource in this region has barely been studied. Here, we use regional climate models to explore how climate change will affect the photovoltaic solar power resource per square meter (PVres) in Atacama. Models project average reductions in PVres of 1.5% and 1.7% under an RCP8.5 scenario, respectively, for 2021-2040 and 2041-2060. Under RCP2.6 and the same periods, reductions range between 1.2% and 0.5%. Also, we study the contribution to future changes in PVres of the downwelling shortwave radiation, air temperature and wind velocity. We find that the contribution from changes in wind velocity is negligible. Future changes of downwelling shortwave radiation, under the RCP8.5 scenario, cause up to 87% of the decrease of PVres for 2021-2040 and 84% for 2041-2060. Rising temperatures due to climate change are responsible for drops in PVres ranging between 13%–19% under RCP2.6 and 14%–16% under RCP8.5. We conclude that climate change has the potential to impact the PVres in the Atacama region while retaining exceptional conditions for solar power production.
2023
Authors
Kisuule, M; Ndawula, MB; Gu, C; Hernando-Gil, I;
Publication
Energies
Abstract
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