{"id":"https://openalex.org/W2055358258","doi":"https://doi.org/10.1109/tsg.2013.2271283","title":"Risk Measure Based Robust Bidding Strategy for Arbitrage Using a Wind Farm and Energy Storage","display_name":"Risk Measure Based Robust Bidding Strategy for Arbitrage Using a Wind Farm and Energy Storage","publication_year":2013,"publication_date":"2013-09-12","ids":{"openalex":"https://openalex.org/W2055358258","doi":"https://doi.org/10.1109/tsg.2013.2271283","mag":"2055358258"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2013.2271283","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2013.2271283","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-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/A5072525111","display_name":"Anupam A. Thatte","orcid":"https://orcid.org/0000-0002-0735-1597"},"institutions":[{"id":"https://openalex.org/I91045830","display_name":"Texas A&M University","ror":"https://ror.org/01f5ytq51","country_code":"US","type":"education","lineage":["https://openalex.org/I91045830"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Anupam A. Thatte","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","Dept. of Electr. & Comput. Eng, Texas A&M Univ., College Station, TX, USA"],"affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","institution_ids":["https://openalex.org/I91045830"]},{"raw_affiliation_string":"Dept. of Electr. & Comput. Eng, Texas A&M Univ., College Station, TX, USA","institution_ids":["https://openalex.org/I91045830"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5048219277","display_name":"Le Xie","orcid":"https://orcid.org/0000-0002-9810-948X"},"institutions":[{"id":"https://openalex.org/I91045830","display_name":"Texas A&M University","ror":"https://ror.org/01f5ytq51","country_code":"US","type":"education","lineage":["https://openalex.org/I91045830"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Le Xie","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","Dept. of Electr. & Comput. Eng, Texas A&M Univ., College Station, TX, USA"],"affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","institution_ids":["https://openalex.org/I91045830"]},{"raw_affiliation_string":"Dept. of Electr. & Comput. Eng, Texas A&M Univ., College Station, TX, USA","institution_ids":["https://openalex.org/I91045830"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5084196724","display_name":"Daniel Viassolo","orcid":null},"institutions":[{"id":"https://openalex.org/I4210137549","display_name":"Halliburton (United States)","ror":"https://ror.org/03s918289","country_code":"US","type":"company","lineage":["https://openalex.org/I4210137549"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Daniel E. Viassolo","raw_affiliation_strings":["Halliburton, Houston, TX, USA"],"affiliations":[{"raw_affiliation_string":"Halliburton, Houston, TX, USA","institution_ids":["https://openalex.org/I4210137549"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5032463150","display_name":"Sunita Singh","orcid":"https://orcid.org/0000-0002-8655-0649"},"institutions":[{"id":"https://openalex.org/I181998121","display_name":"Bechtel (United States)","ror":"https://ror.org/03me92s48","country_code":"US","type":"company","lineage":["https://openalex.org/I181998121"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sunita Singh","raw_affiliation_strings":["Bechtel, Houston, TX, USA"],"affiliations":[{"raw_affiliation_string":"Bechtel, Houston, TX, USA","institution_ids":["https://openalex.org/I181998121"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5072525111"],"corresponding_institution_ids":["https://openalex.org/I91045830"],"apc_list":null,"apc_paid":null,"fwci":7.2275,"has_fulltext":false,"cited_by_count":150,"citation_normalized_percentile":{"value":0.97432355,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":"4","issue":"4","first_page":"2191","last_page":"2199"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9993000030517578,"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":0.9993000030517578,"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/T11052","display_name":"Energy Load and Power Forecasting","score":0.9983999729156494,"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/T11413","display_name":"Risk and Portfolio Optimization","score":0.9933000206947327,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bidding","display_name":"Bidding","score":0.8196127414703369},{"id":"https://openalex.org/keywords/cvar","display_name":"CVAR","score":0.7161057591438293},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.6789631843566895},{"id":"https://openalex.org/keywords/expected-shortfall","display_name":"Expected shortfall","score":0.6384769678115845},{"id":"https://openalex.org/keywords/robust-optimization","display_name":"Robust optimization","score":0.6293520331382751},{"id":"https://openalex.org/keywords/wind-power","display_name":"Wind power","score":0.6094740033149719},{"id":"https://openalex.org/keywords/electricity-price-forecasting","display_name":"Electricity price forecasting","score":0.600355863571167},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.5296169519424438},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5194261074066162},{"id":"https://openalex.org/keywords/dispatchable-generation","display_name":"Dispatchable generation","score":0.5037199854850769},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.4678631126880646},{"id":"https://openalex.org/keywords/risk-measure","display_name":"Risk measure","score":0.46615490317344666},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4477880597114563},{"id":"https://openalex.org/keywords/stochastic-programming","display_name":"Stochastic programming","score":0.41845136880874634},{"id":"https://openalex.org/keywords/stochastic-optimization","display_name":"Stochastic optimization","score":0.41088947653770447},{"id":"https://openalex.org/keywords/risk-management","display_name":"Risk management","score":0.3391561508178711},{"id":"https://openalex.org/keywords/renewable-energy","display_name":"Renewable energy","score":0.30677279829978943},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2378932535648346},{"id":"https://openalex.org/keywords/distributed-generation","display_name":"Distributed generation","score":0.2359972596168518},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.23364761471748352},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.19907847046852112},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.1517525017261505},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.11115270853042603}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.8196127414703369},{"id":"https://openalex.org/C2779922397","wikidata":"https://www.wikidata.org/wiki/Q5014755","display_name":"CVAR","level":4,"score":0.7161057591438293},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.6789631843566895},{"id":"https://openalex.org/C5496284","wikidata":"https://www.wikidata.org/wiki/Q5420856","display_name":"Expected shortfall","level":3,"score":0.6384769678115845},{"id":"https://openalex.org/C193254401","wikidata":"https://www.wikidata.org/wiki/Q2160088","display_name":"Robust optimization","level":2,"score":0.6293520331382751},{"id":"https://openalex.org/C78600449","wikidata":"https://www.wikidata.org/wiki/Q43302","display_name":"Wind power","level":2,"score":0.6094740033149719},{"id":"https://openalex.org/C2781104810","wikidata":"https://www.wikidata.org/wiki/Q23580049","display_name":"Electricity price forecasting","level":4,"score":0.600355863571167},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.5296169519424438},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5194261074066162},{"id":"https://openalex.org/C85924503","wikidata":"https://www.wikidata.org/wiki/Q5282546","display_name":"Dispatchable generation","level":4,"score":0.5037199854850769},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.4678631126880646},{"id":"https://openalex.org/C2781472820","wikidata":"https://www.wikidata.org/wiki/Q2154759","display_name":"Risk measure","level":3,"score":0.46615490317344666},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4477880597114563},{"id":"https://openalex.org/C137631369","wikidata":"https://www.wikidata.org/wiki/Q7617831","display_name":"Stochastic programming","level":2,"score":0.41845136880874634},{"id":"https://openalex.org/C194387892","wikidata":"https://www.wikidata.org/wiki/Q1747770","display_name":"Stochastic optimization","level":2,"score":0.41088947653770447},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.3391561508178711},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.30677279829978943},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2378932535648346},{"id":"https://openalex.org/C544738498","wikidata":"https://www.wikidata.org/wiki/Q861135","display_name":"Distributed generation","level":3,"score":0.2359972596168518},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.23364761471748352},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.19907847046852112},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1517525017261505},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.11115270853042603},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tsg.2013.2271283","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2013.2271283","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7","score":0.8600000143051147}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W157396998","https://openalex.org/W174509281","https://openalex.org/W1447488455","https://openalex.org/W1515789787","https://openalex.org/W1647779468","https://openalex.org/W1966925146","https://openalex.org/W1968659884","https://openalex.org/W1972822477","https://openalex.org/W1999789823","https://openalex.org/W2019291268","https://openalex.org/W2040298412","https://openalex.org/W2043744339","https://openalex.org/W2045297103","https://openalex.org/W2048198132","https://openalex.org/W2059792929","https://openalex.org/W2067108585","https://openalex.org/W2103275617","https://openalex.org/W2106371329","https://openalex.org/W2109427113","https://openalex.org/W2115316590","https://openalex.org/W2118578357","https://openalex.org/W2119065762","https://openalex.org/W2131116400","https://openalex.org/W2155511751","https://openalex.org/W2158981097","https://openalex.org/W2169082579","https://openalex.org/W2170344528","https://openalex.org/W2554795734","https://openalex.org/W2603389569","https://openalex.org/W3146200284","https://openalex.org/W4285719527","https://openalex.org/W6607084398","https://openalex.org/W6630384383","https://openalex.org/W6685056065","https://openalex.org/W6729986885"],"related_works":["https://openalex.org/W2232143283","https://openalex.org/W1647779468","https://openalex.org/W2002736235","https://openalex.org/W2499931925","https://openalex.org/W48101171","https://openalex.org/W1997933673","https://openalex.org/W2384833971","https://openalex.org/W3163306334","https://openalex.org/W2031780815","https://openalex.org/W2016139756"],"abstract_inverted_index":{"This":[0],"paper":[1],"proposes":[2],"the":[3,41,62,69,82,89,121],"use":[4],"of":[5,50,65,99,157],"a":[6,16,105],"risk":[7,123,128],"measure":[8,124],"based":[9,92,108,119,145],"robust":[10,90,115,143],"optimization":[11,91,107,116,144],"bidding":[12,93,109,146],"strategy":[13,94,147],"for":[14,114,154],"dispatching":[15],"wind":[17,31,136],"farm":[18],"in":[19,40,68,85,131],"combination":[20],"with":[21,26],"energy":[22,27,38],"storage.":[23],"Through":[24],"coordination":[25],"storage":[28],"devices,":[29],"variable":[30],"generators":[32],"can":[33,52],"be":[34,53],"utilized":[35],"as":[36,81],"dispatchable":[37],"producers":[39],"deregulated":[42],"electricity":[43,51,66,86,132],"market.":[44,72],"The":[45,111,141],"total":[46],"profit":[47],"from":[48],"sale":[49],"increased":[54],"by":[55],"exploiting":[56],"arbitrage":[57],"opportunities":[58],"available":[59],"due":[60],"to":[61,78],"inter-temporal":[63],"variation":[64],"prices":[67],"day":[70],"ahead":[71],"A":[73],"case":[74],"study":[75],"is":[76,117,148],"presented":[77],"show":[79],"that":[80],"forecast":[83],"error":[84],"price":[87,133],"increases,":[88],"has":[95],"an":[96],"increasing":[97],"probability":[98],"yielding":[100],"better":[101],"economic":[102],"performance":[103],"than":[104],"deterministic":[106],"strategy.":[110],"uncertainty":[112,158],"set":[113],"selected":[118],"on":[120],"coherent":[122],"conditional":[125],"value":[126],"at":[127],"(CVaR).":[129],"Uncertainties":[130],"forecasting":[134,138],"and":[135],"power":[137],"are":[139],"considered.":[140],"resulting":[142],"evaluated":[149],"using":[150],"Monte":[151],"Carlo":[152],"simulation":[153],"different":[155],"choices":[156],"sets.":[159]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":15},{"year":2022,"cited_by_count":15},{"year":2021,"cited_by_count":15},{"year":2020,"cited_by_count":20},{"year":2019,"cited_by_count":12},{"year":2018,"cited_by_count":18},{"year":2017,"cited_by_count":13},{"year":2016,"cited_by_count":11},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":9},{"year":2013,"cited_by_count":3}],"updated_date":"2026-04-02T15:55:50.835912","created_date":"2025-10-10T00:00:00"}