ENCE 688e Schedule and Homework, Dr. Steven A. Gabriel, University of Maryland

ENCE 688e Energy Market Modeling

Fall 2011, Approximate Schedule and Homeworks

( NO LATE HOMEWORKS, ALL HOMEWORKS TO BE TYPED AND EMAILED TO PROFESSOR GABRIEL, ONLY PDF FILES AND GAMS OR MATLAB CODE ACCEPTED, DEPENDING ON THE HW)

Weeks	Dates	Subject	Homeworks
1	6 Sep	Overview and Background 1. Energy Markets History 2. Energy Basics	HW#1 given out Readings: 1. Gabriel et al., Chapter 3 as appropriate (microeconomics background) 2. Other homework#1 readings (see elms.umd.edu)
2	13 Sep	" " (Part of the class will be devoted to starting Optimization-1, Weeks 3-5)	" "
3	20 Sep	Optimization- 1: "Easier" Problems 1. Optimization Basics (KKT Conditions, Convexity, Multiplicity of Solutions, etc.) 2. Transportation Problem 3. Unit Commitment Optimization Problem 4. Pooling Problem 5. Multiobjective Optimization 6. Other "Easier" Optimization Problems (Time Permitting)	Readings: 1. Gabriel et al., Chapter 2 as appropriate. 2. Other homework#1 readings (see elms.umd.edu)
4	27 Sep	" "	" "
5	4 Oct *	" " Make-up class: Sept. 28, 9-11:30am, ITV 1100 (for those that can be there)	HW#2 given out " "
6	11 Oct *	Energy Sources 1. Fossil Fuels (Gas and Coal Mostly) 2. Renewables (Wind Power Mostly) Make-up class: Sept. 28, 1-3:30pm, ITV 1100 (for those that can be there)	HW#1 due Readings: 1. TBD for homework #2 2. Other homework#2 readings (see elms.umd.edu)
7	18 Oct	Network Engineering Aspects 1. Gas Networks: Weymouth equation relating pressures and flows 2. Power Networks: Direct current (DC) basics	1. Schweppe: Appendix 2. Kirschen & Strbac, Chap. 6 3. Midthun, Ph.D. thesis (selected parts) 4. Other homework#2 readings (see elms.umd.edu)
8	25 Oct	2. Power Networks: - Alternating current (AC) basics - Several examples of network flows (Chapter 6, Kirschen & Strbac) - Several optimization problems for power networks including DC power flow (Chapter 6, Kirschen & Strbac)	Readings: 1. Gabriel et al., Chapters 1,2,4 as appropriate. 2. Other homework#2 readings (see elms.umd.edu) 3. Schweppe: Appendix 4. Kirschen & Strbac, Chap. 6
9	1 Nov+7 Nov	2. Power Networks: - Several optimization problems for power networks including DC power flow (Chapter 6, Kirschen & Strbac) Equilibrium Problems-1 1. Complementarity Problems 2. Game Theory Problems 3. Complementarity Energy Market Models Make-up class: Nov. 7, 9-11:30am, ITV 1100 (for those that can be there)	" "
10	8 Nov	Global and Emissions Aspects of Energy Markets (Olivier Massol, Elisabeth Gilmore*)	HW#2 due Readings: 1. TBD 2. Other homework#3 readings (see elms.umd.edu)
11	15 Nov*	Equilibrium Problems-2: Two-Level Equilibria 1. Mathematical Programs with Equilibrium Constraints (MPEC) 2. Equilibrium Programs with Equilibrium Constraints (EPEC) Make-up class: Nov. 9, 12:30-3pm, ITV 1100 (for those that can be there)	HW#3 given out Readings: 1. Gabriel et al., Chapters 2,6,7 as appropriate. 2. Other homework#3 readings (see elms.umd.edu)
12	22 Nov	" "
13	29 Nov	Optimization-2 (Jeremy Eckhause, UMCP) 1. Real options 2. Risk Planning and Stochastic Dynamic Programming 3. Public Sector R&D Planning 4. Carbon Capture and Sequestration Real Options Valuation	-Project Proposals Due Readings TBD
14	6 Dec	Practical Use of Energy Market Models -Dr. Jean André, Air Liquide Research -Other Guest speaker TBD	Readings TBD
15	13 Dec	Student Presentations of Projects (Intermediate or Final Results)	-Take-Home Exam Given out on Friday 9 Dec. 2011 , due by 2pm Tuesday 13 Dec. 2011 (will include some GAMS problems from HW3-longer lead time)
16	19 Dec.	Student Project Reports Due	19 Dec. 2011, Monday morning, 8:30am EST for project reports/GAMS codes

* Travel dates, class will be rescheduled and pre-recorded on Blackboard, make-up class dates indicated.

** Professor at Institut Français du Pétrole Energies Nouvelles, Paris, France
*** Professor in School of Public Policy, UMCP
Class Texts
Complementarity Modeling in Energy Markets, S.A. Gabriel, A.J. Conejo, J.D. Fuller, B.F. Hobbs, C. Ruiz, Springer, anticiapted Fall 2011 (pdf copies of various chapters to be provided)

Other sources as needed

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