A Stochastic Framework for Short-Term Operation of a Distribution Company

@article{Safdarian2013ASF,
  title={A Stochastic Framework for Short-Term Operation of a Distribution Company},
  author={Amir Safdarian and Mahmud Fotuhi-Firuzabad and Matti Lehtonen},
  journal={IEEE Transactions on Power Systems},
  year={2013},
  volume={28},
  pages={4712-4721}
}
This paper presents a stochastic framework for short-term operation of a distribution company (disco). The proposed framework optimizes disco's operational decisions in two hierarchical stages. The first stage, called day-ahead operation stage (DAOS), deals with the operational decisions on purchases from the day-ahead market and commitment of distributed generation (DG) units. The objective of this stage is to minimize the expected operating cost while the financial risk exposed by uncertain… CONTINUE READING

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