Posts Tagged "operations research"

The Application Of OR Techniques In The Certification Of Software Used To Clear Electricity Markets

As increasingly sophisticated electricity markets develop, the software used to clear these markets will become more complex. The output of such market clearing programs has financial implications for market participants. It is very important, therefore, that their programs are tested rigorously before certification. The combination of engineering and economic principles used, and the complexity of the formulations underlying these programs, make this task challenging. read more →