{"id":"https://openalex.org/W2010478188","doi":"https://doi.org/10.1109/cdc.2014.7039893","title":"Variability and the Locational Marginal Value of Energy Storage","display_name":"Variability and the Locational Marginal Value of Energy Storage","publication_year":2014,"publication_date":"2014-12-01","ids":{"openalex":"https://openalex.org/W2010478188","doi":"https://doi.org/10.1109/cdc.2014.7039893","mag":"2010478188"},"language":"en","primary_location":{"id":"doi:10.1109/cdc.2014.7039893","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2014.7039893","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"53rd IEEE Conference on Decision and Control","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034661090","display_name":"Subhonmesh Bose","orcid":"https://orcid.org/0000-0002-1564-1762"},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Subhonmesh Bose","raw_affiliation_strings":["School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","School of Electrical & Computer Engineering, Cornell University, Ithaca, NY 14853, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","institution_ids":["https://openalex.org/I205783295"]},{"raw_affiliation_string":"School of Electrical & Computer Engineering, Cornell University, Ithaca, NY 14853, USA","institution_ids":["https://openalex.org/I205783295"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5071680590","display_name":"Eilyan Bitar","orcid":"https://orcid.org/0000-0002-5659-5969"},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Eilyan Bitar","raw_affiliation_strings":["School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","School of Electrical & Computer Engineering, Cornell University, Ithaca, NY 14853, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Electrical and Computer Engineering, Cornell University, Ithaca, NY, USA","institution_ids":["https://openalex.org/I205783295"]},{"raw_affiliation_string":"School of Electrical & Computer Engineering, Cornell University, Ithaca, NY 14853, USA","institution_ids":["https://openalex.org/I205783295"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I205783295"],"apc_list":null,"apc_paid":null,"fwci":2.2789,"has_fulltext":false,"cited_by_count":27,"citation_normalized_percentile":{"value":0.89260248,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"3259","last_page":"3265"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9882000088691711,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10768","display_name":"Electric Vehicles and Infrastructure","score":0.973800003528595,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.6463655829429626},{"id":"https://openalex.org/keywords/upper-and-lower-bounds","display_name":"Upper and lower bounds","score":0.6229273676872253},{"id":"https://openalex.org/keywords/energy-storage","display_name":"Energy storage","score":0.6130820512771606},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5466468930244446},{"id":"https://openalex.org/keywords/marginal-value","display_name":"Marginal value","score":0.5325813293457031},{"id":"https://openalex.org/keywords/marginal-cost","display_name":"Marginal cost","score":0.5259878039360046},{"id":"https://openalex.org/keywords/node","display_name":"Node (physics)","score":0.47969815135002136},{"id":"https://openalex.org/keywords/generator","display_name":"Generator (circuit theory)","score":0.45421919226646423},{"id":"https://openalex.org/keywords/marginal-utility","display_name":"Marginal utility","score":0.4356738328933716},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.4310040771961212},{"id":"https://openalex.org/keywords/power","display_name":"Power (physics)","score":0.3752402067184448},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.24426689743995667},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.11600106954574585},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.10974982380867004}],"concepts":[{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.6463655829429626},{"id":"https://openalex.org/C77553402","wikidata":"https://www.wikidata.org/wiki/Q13222579","display_name":"Upper and lower bounds","level":2,"score":0.6229273676872253},{"id":"https://openalex.org/C73916439","wikidata":"https://www.wikidata.org/wiki/Q837718","display_name":"Energy storage","level":3,"score":0.6130820512771606},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5466468930244446},{"id":"https://openalex.org/C117410459","wikidata":"https://www.wikidata.org/wiki/Q1895266","display_name":"Marginal value","level":2,"score":0.5325813293457031},{"id":"https://openalex.org/C66887028","wikidata":"https://www.wikidata.org/wiki/Q382444","display_name":"Marginal cost","level":2,"score":0.5259878039360046},{"id":"https://openalex.org/C62611344","wikidata":"https://www.wikidata.org/wiki/Q1062658","display_name":"Node (physics)","level":2,"score":0.47969815135002136},{"id":"https://openalex.org/C2780992000","wikidata":"https://www.wikidata.org/wiki/Q17016113","display_name":"Generator (circuit theory)","level":3,"score":0.45421919226646423},{"id":"https://openalex.org/C138551086","wikidata":"https://www.wikidata.org/wiki/Q842271","display_name":"Marginal utility","level":2,"score":0.4356738328933716},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4310040771961212},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.3752402067184448},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.24426689743995667},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.11600106954574585},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.10974982380867004},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C66938386","wikidata":"https://www.wikidata.org/wiki/Q633538","display_name":"Structural engineering","level":1,"score":0.0},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.0},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/cdc.2014.7039893","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2014.7039893","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"53rd IEEE Conference on Decision and Control","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/7","score":0.8899999856948853,"display_name":"Affordable and clean energy"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1490444541","https://openalex.org/W1964866718","https://openalex.org/W1976174271","https://openalex.org/W1977438913","https://openalex.org/W1982348980","https://openalex.org/W2007336428","https://openalex.org/W2030709428","https://openalex.org/W2039657503","https://openalex.org/W2044049890","https://openalex.org/W2058523583","https://openalex.org/W2082212340","https://openalex.org/W2096015672","https://openalex.org/W2100254153","https://openalex.org/W2110819978","https://openalex.org/W2112664678","https://openalex.org/W2125820577","https://openalex.org/W2142737363","https://openalex.org/W2150575540","https://openalex.org/W2401681198","https://openalex.org/W2486662084","https://openalex.org/W2540283616","https://openalex.org/W3149655693","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W1518015368","https://openalex.org/W4248245715","https://openalex.org/W3095289956","https://openalex.org/W2071379709","https://openalex.org/W2497287954","https://openalex.org/W2492382742","https://openalex.org/W2039904971","https://openalex.org/W2165628925","https://openalex.org/W2393892535","https://openalex.org/W2345667184"],"abstract_inverted_index":{"Given":[0],"a":[1,8],"stochastic":[2],"net":[3,163],"demand":[4,164],"process":[5],"evolving":[6],"over":[7],"transmission-constrained":[9],"power":[10],"network,":[11],"we":[12,77,106],"consider":[13],"the":[14,20,39,46,55,62,83,93,96,115,123,135,143,156],"system":[15],"operator's":[16],"problem":[17],"of":[18,23,42,57,66,88,92,95,99,117,138,145,160],"minimizing":[19],"expected":[21,40],"cost":[22,116],"generator":[24],"dispatch,":[25],"when":[26,114],"it":[27],"has":[28],"access":[29],"to":[30,153],"spatially":[31,120],"distributed":[32],"energy":[33,58],"storage":[34,43,59,67,89,161],"resources.":[35],"We":[36],"show":[37],"that":[38,108],"benefit":[41],"derived":[44,69],"under":[45],"optimal":[47],"dispatch":[48],"policy":[49],"is":[50,68,112,119,126],"concave":[51],"and":[52,122],"non-decreasing":[53],"in":[54,90,141],"vector":[56],"capacities.":[60,73],"Thus,":[61],"greatest":[63],"marginal":[64,86,158],"value":[65,87,144,159],"at":[70,101],"small":[71],"installed":[72],"For":[74],"such":[75],"capacities,":[76],"provide":[78,149],"an":[79],"upper":[80,110],"bound":[81,111],"on":[82,134],"locational":[84,157],"(nodal)":[85],"terms":[91],"variation":[94,140],"shadow":[97],"prices":[98],"electricity":[100],"each":[102],"node.":[103],"In":[104],"addition,":[105],"prove":[107],"this":[109],"tight,":[113],"generation":[118],"uniform":[121],"network":[124],"topology":[125],"acyclic.":[127],"These":[128],"formulae":[129],"not":[130],"only":[131],"shed":[132],"light":[133],"correct":[136],"measure":[137],"statistical":[139],"quantifying":[142],"storage,":[146],"but":[147],"also":[148],"computationally":[150],"tractable":[151],"tools":[152],"empirically":[154],"calculate":[155],"from":[162],"time":[165],"series":[166],"data.":[167]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-07-02T09:51:11.867554","created_date":"2025-10-10T00:00:00"}
