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There are several approaches to modeling and forecasting time series as applied to prices of commodities and financial assets. One of the approaches is to model the price as a non-stationary time series process with heteroscedastic…

Statistical Finance · Quantitative Finance 2024-07-01 Andrei Renatovich Batyrov

A stochastic model predictive controller (SMPC) of air conditioning (AC) system is proposed to improve the energy efficiency of electric vehicles (EV). A Markov-chain based velocity predictor is adopted to provide a sense of the future…

Systems and Control · Computer Science 2018-02-22 Hongwen He , Hui Jia , Fengchun Sun , Chao Sun

In this paper, a stochastic model with regime switching is developed for solar photo-voltaic (PV) power in order to provide short-term probabilistic forecasts. The proposed model for solar PV power is physics inspired and explicitly…

Applications · Statistics 2017-09-19 Raksha Ramakrishna , Anna Scaglione , Vijay Vittal

The rapid expansion of wind and solar energy leads to an increasing volatility in the electricity generation. Previous studies have shown that storage devices provide an opportunity to balance fluctuations in the power grid. An economical…

Optimization and Control · Mathematics 2017-11-06 Lars Siemer , Wided Medjroubi

Transitioning to renewable power generation is often difficult for remote or isolated communities, due to generation intermittency and high cost barriers. Our paper presents a simulation-based optimization approach for the design of policy…

Optimization and Control · Mathematics 2025-02-21 Nanrui Gong , James C. Spall

This paper deals with distributed control of microgrids composed of storages, generators, renewable energy sources, critical and controllable loads. We consider a stochastic formulation of the optimal control problem associated to the…

Optimization and Control · Mathematics 2021-06-16 Andrea Camisa , Giuseppe Notarstefano

Choosing control inputs randomly can result in a reduced expected cost in optimal control problems with stochastic constraints, such as stochastic model predictive control (SMPC). We consider a controller with initial randomization, meaning…

Robotics · Computer Science 2016-07-07 Masahiro Ono , Mahmoud El Chamie , Marco Pavone , Behcet Acikmese

Dispatchability of renewable energy sources and inflexible loads can be achieved using a volatility-compensating energy storage. However, as the future power outputs of the inflexible devices are uncertain, the computation of a dispatch…

Systems and Control · Computer Science 2018-05-25 R. R. Appino , J. Á. González Ordiano , R. Mikut , V. Hagenmeyer , T. Faulwasser

Efficiently accommodating uncertain renewable resources in wholesale electricity markets is among the foremost priorities of market regulators in the US, UK and EU nations. However, existing deterministic market designs fail to internalize…

Systems and Control · Electrical Eng. & Systems 2019-12-19 Yury Dvorkin

The need for resiliency of electricity supply is increasing due to increasing frequency of natural disasters---such as hurricanes---that disrupt supply from the power grid. Rooftop solar photovoltaic (PV) panels together with batteries can…

Systems and Control · Electrical Eng. & Systems 2020-03-13 Ninad Gaikwad , Naren Srivaths Raman , Prabir Barooah

An increasing number of smart devices controlling loads opens a potential pathway for false data attacks which could alter the loads. The presence of energy storage with its ability to quickly respond to discrepancies in loads offers a…

Optimization and Control · Mathematics 2025-07-03 Satish Vedula , Koto Omiloli , Ayobami Olajube , Olugbenga Anubi

Wind farms can increase annual energy production (AEP) with advanced control algorithms by coordinating the set points of individual turbine controllers across the farm. However, it remains a significant challenge to achieve performance…

Optimization and Control · Mathematics 2020-03-18 Yi Guo , Mario Rotea , Tyler Summers

This paper proposes a model predictive controller for discrete-time linear systems with additive, possibly unbounded, stochastic disturbances and subject to chance constraints. By computing a polytopic probabilistic positively invariant set…

Optimization and Control · Mathematics 2024-09-23 Kai Wang , Kiet Tuan Hoang , Sébastien Gros

Optimal control of stochastic nonlinear dynamical systems is a major challenge in the domain of robot learning. Given the intractability of the global control problem, state-of-the-art algorithms focus on approximate sequential optimization…

Machine Learning · Computer Science 2020-04-23 Joe Watson , Hany Abdulsamad , Jan Peters

In this paper, we present the use of Model Predictive Control (MPC) based on Reinforcement Learning (RL) to find the optimal policy for a multi-agent battery storage system. A time-varying prediction of the power price and production-demand…

Systems and Control · Electrical Eng. & Systems 2021-06-08 A. Bahari Kordabad , W. Cai , S. Gros

The paper presents a predictive control method for the water distribution networks (WDNs) powered by photovoltaics (PVs) and the electrical grid. This builds on the controller introduced in a previous study and is designed to reduce the…

Systems and Control · Electrical Eng. & Systems 2023-07-04 Mirhan Ürkmez , Carsten Kallesøe , Jan Dimon Bendtsen , John Leth

We consider the problem of operating a battery in a home connected to the grid to minimize electricity cost, which combines an energy charge and a tiered peak power charge based on the average of the $N$ largest daily peak powers in each…

Optimization and Control · Mathematics 2026-04-27 David Pérez-Piñeiro , Sigurd Skogestad , Stephen Boyd

We present a stochastic constrained output-feedback data-driven predictive control scheme for linear time-invariant systems subject to bounded additive disturbances. The approach uses data-driven predictors based on an extension of Willems'…

Systems and Control · Electrical Eng. & Systems 2025-10-07 Johannes Teutsch , Sebastian Kerz , Dirk Wollherr , Marion Leibold

Quantity and price risks are key uncertainties market participants face in electricity markets with increased volatility, for instance, due to high shares of renewables. From day ahead until real-time, there is a large variation in the best…

Methodology · Statistics 2025-02-21 Paul E. Seifert , Emil Kraft , Steffen Bakker , Stein-Erik Fleten

Fuel cell electric vehicles have earned substantial attentions in recent decades due to their high-efficiency and zero-emission features, while the high operating costs remain the major barrier towards their large-scale commercialization.…

Systems and Control · Electrical Eng. & Systems 2023-03-06 Yang Zhou , Fuzeng Li , Xianfeng Xu , Zhen Zhang , Alexandre Ravey , Marie-Cécile Péra , Ruiqing Ma
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