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Forecasting with multivariate time series, which aims to predict future values given previous and current several univariate time series data, has been studied for decades, with one example being ARIMA. Because it is difficult to measure…

Artificial Intelligence · Computer Science 2020-10-19 Youngjin Park , Deokjun Eom , Byoungki Seo , Jaesik Choi

In this paper we present a regression based model for day-ahead electricity spot prices. We estimate the considered linear regression model by the lasso estimation method. The lasso approach allows for many possible parameters in the model,…

Statistical Finance · Quantitative Finance 2016-10-26 Florian Ziel

This paper presents a comprehensive approach to improve the daily performance of an active distribution network (ADN), which includes renewable resources and responsive load (RL), using distributed network reconfiguration (DNR).…

Systems and Control · Electrical Eng. & Systems 2020-09-22 Seyed-Mohammad Razavi , Hamid-Reza Momeni , Mahmoud-Reza Haghifam , Sadegh Bolouki

Stochastic optimization is a vital field in the realm of mathematical optimization, finding applications in diverse areas ranging from operations research to machine learning. In this paper, we introduce a novel first-order optimization…

Optimization and Control · Mathematics 2024-09-17 Vladimir Solodkin , Savelii Chezhegov , Ruslan Nazikov , Aleksandr Beznosikov , Alexander Gasnikov

Predictive business process monitoring aims at providing predictions about running instances by analyzing logs of completed cases in a business process. Recently, a lot of research focuses on increasing productivity and efficiency in a…

Artificial Intelligence · Computer Science 2021-09-23 Gyunam Park , Minseok Song

The prediction of stochastic dynamical systems and the capture of dynamical behaviors are profound problems. In this article, we propose a data-driven framework combining Reservoir Computing and Normalizing Flow to study this issue, which…

Dynamical Systems · Mathematics 2023-08-01 Cheng Fang , Yubin Lu , Ting Gao , Jinqiao Duan

In real-time systems optimization, designers often face a challenging problem posed by the non-convex and non-continuous schedulability conditions, which may even lack an analytical form to understand their properties. To tackle this…

Systems and Control · Electrical Eng. & Systems 2025-03-20 Sen Wang , Dong Li , Shao-Yu Huang , Xuanliang Deng , Ashrarul H. Sifat , Changhee Jung , Ryan Williams , Haibo Zeng

We consider the problem of designing almost optimal predictors for dynamical systems from a finite sequence of noisy observations and incomplete knowledge of the dynamics and the noise. We first discuss the properties of the optimal (Bayes)…

Chaotic Dynamics · Physics 2007-07-30 Marian Anghel , Ingo Steinwart

The applicability of machine learning for predicting chaotic dynamics relies heavily upon the data used in the training stage. Chaotic time series obtained by numerically solving ordinary differential equations embed a complicated noise of…

Data Analysis, Statistics and Probability · Physics 2021-10-13 Igor A Khovanov

Power distribution networks are approaching their voltage stability boundaries due to the severe voltage violations and the inadequate reactive power reserves caused by the increasing renewable generations and dynamic loads. In the broad…

Optimization and Control · Mathematics 2022-08-18 Wanjun Huang , Changhong Zhao

This paper addresses a central challenge of jointly considering shorter-term (e.g. hourly) and longer-term (e.g. yearly) uncertainties in power system planning with increasing penetration of renewable and storage resources. In conventional…

Systems and Control · Electrical Eng. & Systems 2021-09-13 Chao Yan , Xinbo Geng , Zhaohong Bie , Le Xie

We study a routing and appointment scheduling problem with uncertain service and travel times arising from home service practice. Specifically, given a set of customers within a service region that an operator needs to serve, we seek to…

Optimization and Control · Mathematics 2021-11-23 Man Yiu , Tsang , Karmel S. Shehadeh

Combinations of neural ODEs with recurrent neural networks (RNN), like GRU-ODE-Bayes or ODE-RNN are well suited to model irregularly observed time series. While those models outperform existing discrete-time approaches, no theoretical…

Machine Learning · Statistics 2021-05-11 Calypso Herrera , Florian Krach , Josef Teichmann

The data-centric machine learning aims to find effective ways to build appropriate datasets which can improve the performance of AI models. In this paper, we mainly focus on designing an efficient data-centric scheme to improve robustness…

Machine Learning · Computer Science 2022-03-09 Xiaogeng Liu , Haoyu Wang , Yechao Zhang , Fangzhou Wu , Shengshan Hu

A study on power market price forecasting by deep learning is presented. As one of the most successful deep learning frameworks, the LSTM (Long short-term memory) neural network is utilized. The hourly prices data from the New England and…

Machine Learning · Computer Science 2018-10-24 Yongli Zhu , Songtao Lu , Renchang Dai , Guangyi Liu , Zhiwei Wang

The accurate prediction of short-term electricity prices is vital for effective trading strategies, power plant scheduling, profit maximisation and efficient system operation. However, uncertainties in supply and demand make such…

Econometrics · Economics 2023-04-20 Mira Watermeyer , Thomas Möbius , Oliver Grothe , Felix Müsgens

Water demand is a highly important variable for operational control and decision making. Hence, the development of accurate forecasts is a valuable field of research to further improve the efficiency of water utilities. Focusing on…

Applications · Statistics 2020-05-12 Jens Kley-Holsteg , Florian Ziel

This paper addresses the mid-term electricity load forecasting problem. Solving this problem is necessary for power system operation and planning as well as for negotiating forward contracts in deregulated energy markets. We show that our…

Machine Learning · Computer Science 2021-04-06 Boris N. Oreshkin , Grzegorz Dudek , Paweł Pełka , Ekaterina Turkina

We formulate and study a fundamental search and detection problem, Schedule Optimization, motivated by a variety of real-world applications, ranging from monitoring content changes on the web, social networks, and user activities to…

Data Structures and Algorithms · Computer Science 2015-09-11 Ahmad Mahmoody , Evgenios M. Kornaropoulos , Eli Upfal

Scheduling a residential building short-term to optimize the electricity bill can be difficult with the inclusion of capacity-based grid tariffs. Scheduling the building based on a proposed measured-peak (MP) grid tariff, which is a cost…

Optimization and Control · Mathematics 2020-08-25 Kasper Emil Thorvaldsen , Sigurd Bjarghov , Hossein Farahmand