Stochastic Programming for Fuel Supply Planning of Combined Heat and Power Plants

Daniela Guericke, Ignacio Blanco, Juan Miguel Morales González, Henrik Madsen

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The consumption of biomass to produce power and heat has increased due to the carbon neutral policies. Combined heat and power (CHP) plants often combine biomass with other fuels, e.g., natural gas. The negotiation process for supply contracts involves many uncertainties due to the long planning horizon. The demand for biomass is uncertain, and heat demand and electricity prices vary during the planning period. We propose a method using stochastic optimization to support the biomass and natural gas supply planning for CHP plants including short-term decisions for optimal market participation.
Original languageEnglish
Publication date2017
Number of pages1
Publication statusPublished - 2017
Event2017 INFORMS Annual Meeting - Houston, United States
Duration: 22 Oct 201725 Oct 2017


Conference2017 INFORMS Annual Meeting
Country/TerritoryUnited States
Internet address


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