{"id":"https://openalex.org/W4407362484","doi":"https://doi.org/10.1109/isgteurope62998.2024.10863262","title":"Quantifying the Impact of Multi-area Policies on Operational Reserve Adequacy and Market Prices: a Sequential Monte Carlo-based Approach","display_name":"Quantifying the Impact of Multi-area Policies on Operational Reserve Adequacy and Market Prices: a Sequential Monte Carlo-based Approach","publication_year":2024,"publication_date":"2024-10-14","ids":{"openalex":"https://openalex.org/W4407362484","doi":"https://doi.org/10.1109/isgteurope62998.2024.10863262"},"language":"en","primary_location":{"id":"doi:10.1109/isgteurope62998.2024.10863262","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope62998.2024.10863262","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2024 IEEE PES Innovative Smart Grid Technologies Europe (ISGT EUROPE)","raw_type":"proceedings-article"},"type":"conference-paper","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/A5004919635","display_name":"In\u00eas Alves","orcid":"https://orcid.org/0000-0002-2541-2998"},"institutions":[{"id":"https://openalex.org/I4210166615","display_name":"INESC TEC","ror":"https://ror.org/05fa8ka61","country_code":"PT","type":"nonprofit","lineage":["https://openalex.org/I4210125590","https://openalex.org/I4210166615"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"In\u00eas Alves","raw_affiliation_strings":["FEUP and INESC TEC,Porto,Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"FEUP and INESC TEC,Porto,Portugal","institution_ids":["https://openalex.org/I4210166615"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058489466","display_name":"Sanja Duvnjak \u017darkovi\u0107","orcid":"https://orcid.org/0000-0002-6779-4082"},"institutions":[{"id":"https://openalex.org/I86987016","display_name":"KTH Royal Institute of Technology","ror":"https://ror.org/026vcq606","country_code":"SE","type":"education","lineage":["https://openalex.org/I86987016"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"Sanja Duvnjak Zarkovic","raw_affiliation_strings":["KTH Royal Institute of Technology,Stockholm,Sweden"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"KTH Royal Institute of Technology,Stockholm,Sweden","institution_ids":["https://openalex.org/I86987016"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5001603213","display_name":"Leonel Carvalho","orcid":"https://orcid.org/0000-0002-9097-3679"},"institutions":[{"id":"https://openalex.org/I4210166615","display_name":"INESC TEC","ror":"https://ror.org/05fa8ka61","country_code":"PT","type":"nonprofit","lineage":["https://openalex.org/I4210125590","https://openalex.org/I4210166615"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Leonel Carvalho","raw_affiliation_strings":["INESC TEC,Porto,Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INESC TEC,Porto,Portugal","institution_ids":["https://openalex.org/I4210166615"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5020471505","display_name":"Vladimiro Miranda","orcid":"https://orcid.org/0000-0002-5772-8452"},"institutions":[{"id":"https://openalex.org/I4210166615","display_name":"INESC TEC","ror":"https://ror.org/05fa8ka61","country_code":"PT","type":"nonprofit","lineage":["https://openalex.org/I4210125590","https://openalex.org/I4210166615"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Vladimiro Miranda","raw_affiliation_strings":["INESC TEC and INESC P&D Brasil,Porto,Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INESC TEC and INESC P&D Brasil,Porto,Portugal","institution_ids":["https://openalex.org/I4210166615"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5014421129","display_name":"Mauro De Rosa","orcid":"https://orcid.org/0000-0001-8508-1353"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mauro Rosa","raw_affiliation_strings":["INESC P&D Brasil and UFSC,Florianópolis SC,Brasil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INESC P&D Brasil and UFSC,Florianópolis SC,Brasil","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5008851668","display_name":"Pedro Vieira","orcid":null},"institutions":[{"id":"https://openalex.org/I4210163266","display_name":"Inesc P&D Brasil","ror":"https://ror.org/05yps4z32","country_code":"BR","type":"nonprofit","lineage":["https://openalex.org/I4210163266"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Pedro Vieira","raw_affiliation_strings":["INESC P&D Brasil and IFSC,Florianópolis SC,Brasil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INESC P&D Brasil and IFSC,Florianópolis SC,Brasil","institution_ids":["https://openalex.org/I4210163266"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"5"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8914999961853027,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8914999961853027,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.8226000070571899,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.7519000172615051,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monte-carlo-method","display_name":"Monte Carlo method","score":0.76131272315979},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5426374673843384},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.41069167852401733},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.24172687530517578},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.157918781042099},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.10545343160629272}],"concepts":[{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.76131272315979},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5426374673843384},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.41069167852401733},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24172687530517578},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.157918781042099},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10545343160629272}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/isgteurope62998.2024.10863262","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope62998.2024.10863262","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2024 IEEE PES Innovative Smart Grid Technologies Europe (ISGT EUROPE)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.44999998807907104,"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320334779","display_name":"Funda\u00e7\u00e3o para a Ci\u00eancia e a Tecnologia","ror":"https://ror.org/00snfqn58"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W2011598783","https://openalex.org/W2033225140","https://openalex.org/W2091172698","https://openalex.org/W2110406730","https://openalex.org/W2120512785","https://openalex.org/W2560833653","https://openalex.org/W2969637476","https://openalex.org/W2995009455","https://openalex.org/W3011873714","https://openalex.org/W4293860495","https://openalex.org/W4388839539"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2899084033","https://openalex.org/W2748952813","https://openalex.org/W2390279801","https://openalex.org/W4391913857","https://openalex.org/W2358668433","https://openalex.org/W4396701345","https://openalex.org/W2376932109","https://openalex.org/W2001405890","https://openalex.org/W4396696052"],"abstract_inverted_index":{"This":[0,142],"paper":[1,33],"addresses":[2],"the":[3,14,35,85,109,137,156],"challenges":[4],"of":[5,9,38,42,90,98,111,119,136],"integrating":[6],"large":[7],"shares":[8],"renewable":[10],"energy":[11,49,60,91,159],"sources":[12],"into":[13,155],"power":[15],"system,":[16],"focusing":[17],"on":[18,122],"managing":[19],"operational":[20,43,123,149],"reserves":[21],"in":[22,45,76,164],"multi-area":[23,59,165],"systems":[24],"and":[25,40,51,61,66,84,92,128,147,151,160],"their":[26,77],"long-term":[27,36,145],"adequacy.":[28],"Unlike":[29],"previous":[30],"studies,":[31],"this":[32],"investigates":[34],"impact":[37,118],"procurement":[39,56,89,162],"activation":[41],"reserve":[44,62,124,161],"adjacent":[46],"areas,":[47],"considering":[48],"scheduling":[50],"interconnection":[52,80,129],"line":[53,81,130],"constraints.":[54],"Three":[55],"schemes":[57,74,100,121],"for":[58,114],"exchanges":[63],"are":[64],"proposed":[65],"analyzed":[67],"through":[68,103],"Sequential":[69],"Monte":[70],"Carlo":[71],"Simulation.":[72],"These":[73],"vary":[75],"approach":[78],"to":[79],"capacity":[82],"constraints":[83],"simultaneous":[86],"or":[87],"phased":[88],"synchronized":[93],"reserve.":[94],"The":[95,117],"mathematical":[96],"operationalization":[97],"these":[99,120],"is":[101,132],"achieved":[102],"simple":[104],"linear":[105],"programming":[106],"models,":[107],"facilitating":[108],"quantification":[110],"marginal":[112,126],"prices":[113],"both":[115],"products.":[116],"adequacy,":[125],"prices,":[127],"utilization":[131],"demonstrated":[133],"using":[134],"configurations":[135],"IEEE":[138],"RTS":[139],"96":[140],"system.":[141],"analysis":[143],"incorporates":[144],"uncertainty":[146],"diverse":[148],"conditions":[150],"provides":[152],"valuable":[153],"insights":[154],"interplay":[157],"between":[158],"strategies":[163],"systems.":[166]},"counts_by_year":[],"updated_date":"2026-07-14T23:27:15.235271","created_date":"2025-10-10T00:00:00"}