Modelling decentralized decision making in the energy sector

Samouilidis, J-E; Arabatzi-Ladia, A

dc.contributor.author	Samouilidis, J-E	en
dc.contributor.author	Arabatzi-Ladia, A	en
dc.date.accessioned	2014-03-01T01:06:17Z
dc.date.available	2014-03-01T01:06:17Z
dc.date.issued	1984	en
dc.identifier.issn	0305-0483	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/9290
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0021593738&partnerID=40&md5=47d70cb255384f3b1a40ca7d7db035a6	en
dc.subject.classification	Management	en
dc.subject.classification	Operations Research & Management Science	en
dc.title	Modelling decentralized decision making in the energy sector	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1984	en
heal.abstract	Large linear programming models, which have been widely used to determine the optimal structure of national energy systems, are based on the assumption that there is an absolutely centralized decision making process within the energy system. In this paper an attempt is made to match the real decision structure of a given energy system, by decomposing an LP energy model into smaller models, with the corresponding system decision centres. This is done by applying the 'transfer price' algorithm of Dantzing and Wolfe. The 'master' problem corresponds to the central planning unit, i.e. a Ministry of Energy, whereas the subproblems correspond to peripheral operating units, i.e. enterprises, usually state owned, which produce and distribute the energy carriers. The optimal plans of the peripheral units are submitted to the central unit, which through the mechanism of pricing of both common resources, inputs and energy services outputs, co-ordinates the overall planning of the energy system. An illustrative example is given referring to the Hellenic national energy system. The research reported is placed within a wider research endeavour, whose objectives and main line of work are also given. © 1984.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Omega	en
dc.identifier.isi	ISI:A1984TT31900006	en
dc.identifier.volume	12	en
dc.identifier.issue	5	en
dc.identifier.spage	437	en
dc.identifier.epage	447	en