{"id":"https://openalex.org/W2032374594","doi":"https://doi.org/10.1109/pscc.2014.7038489","title":"Analysis of locational marginal prices in look-ahead economic dispatch","display_name":"Analysis of locational marginal prices in look-ahead economic dispatch","publication_year":2014,"publication_date":"2014-08-01","ids":{"openalex":"https://openalex.org/W2032374594","doi":"https://doi.org/10.1109/pscc.2014.7038489","mag":"2032374594"},"language":"en","primary_location":{"id":"doi:10.1109/pscc.2014.7038489","is_oa":false,"landing_page_url":"https://doi.org/10.1109/pscc.2014.7038489","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2014 Power Systems Computation Conference","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/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":false,"raw_author_name":"Anupam A. Thatte","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]"],"raw_orcid":null,"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":"[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]","institution_ids":["https://openalex.org/I91045830"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5091770039","display_name":"Dae\u2010Hyun Choi","orcid":"https://orcid.org/0000-0002-9248-9522"},"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":"Dae-Hyun Choi","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Texas A&M University, College Station, TX, USA","[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]"],"raw_orcid":null,"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":"[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]","institution_ids":["https://openalex.org/I91045830"]}]},{"author_position":"last","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","[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]"],"raw_orcid":null,"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":"[Department of Electrical, and Computer Engineering, Texas A&M University, College Station, TX, USA]","institution_ids":["https://openalex.org/I91045830"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I91045830"],"apc_list":null,"apc_paid":null,"fwci":0.6388,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.73538902,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"7"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9998000264167786,"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":0.9998000264167786,"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":0.9977999925613403,"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":0.991100013256073,"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/economic-dispatch","display_name":"Economic dispatch","score":0.9000024795532227},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5186328291893005},{"id":"https://openalex.org/keywords/electric-power-system","display_name":"Electric power system","score":0.4636460840702057},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.46229618787765503},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.45635277032852173},{"id":"https://openalex.org/keywords/wind-power","display_name":"Wind power","score":0.431708425283432},{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.4210786521434784},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3716449439525604},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3558804988861084},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.34765952825546265},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.24851104617118835},{"id":"https://openalex.org/keywords/power","display_name":"Power (physics)","score":0.2292216718196869},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.21426963806152344},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.09682965278625488}],"concepts":[{"id":"https://openalex.org/C187633118","wikidata":"https://www.wikidata.org/wiki/Q1317949","display_name":"Economic dispatch","level":4,"score":0.9000024795532227},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5186328291893005},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.4636460840702057},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.46229618787765503},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.45635277032852173},{"id":"https://openalex.org/C78600449","wikidata":"https://www.wikidata.org/wiki/Q43302","display_name":"Wind power","level":2,"score":0.431708425283432},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.4210786521434784},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3716449439525604},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3558804988861084},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.34765952825546265},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.24851104617118835},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.2292216718196869},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.21426963806152344},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.09682965278625488},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","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/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/pscc.2014.7038489","is_oa":false,"landing_page_url":"https://doi.org/10.1109/pscc.2014.7038489","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2014 Power Systems Computation Conference","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5899999737739563,"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W2017121429","https://openalex.org/W2062280484","https://openalex.org/W2066673478","https://openalex.org/W2095876649","https://openalex.org/W2096061164","https://openalex.org/W2108523974","https://openalex.org/W2110819978","https://openalex.org/W2124827559","https://openalex.org/W2160667566","https://openalex.org/W2168280812","https://openalex.org/W2277186426"],"related_works":["https://openalex.org/W1527081771","https://openalex.org/W3010864523","https://openalex.org/W2111459478","https://openalex.org/W2951731403","https://openalex.org/W2031918653","https://openalex.org/W292509278","https://openalex.org/W3095929388","https://openalex.org/W1528141314","https://openalex.org/W2126297843","https://openalex.org/W2160667566"],"abstract_inverted_index":{"This":[0],"paper":[1],"studies":[2],"the":[3,19,38,64,68,75,94,99,120,159,173,196],"impact":[4],"of":[5,26,40,93,175],"introducing":[6],"look-ahead":[7,53,72,130,179],"dispatch":[8,61,66,73,77,85,131,180],"on":[9],"locational":[10],"marginal":[11],"prices":[12],"in":[13,37,107,126,133,178,195],"real-time":[14],"electricity":[15],"markets.":[16],"Due":[17],"to":[18,51,119,145,153],"high":[20],"forecast":[21,105,185],"error":[22],"and":[23,31,150,164,184],"inter-temporal":[24],"variability":[25],"renewable":[27,114],"resources":[28],"(e.g.,":[29],"wind":[30],"solar),":[32],"many":[33],"system":[34,100,111,124],"operators":[35,125],"are":[36,190],"process":[39],"upgrading":[41],"their":[42],"market":[43],"clearing":[44],"engine":[45],"from":[46],"static":[47,60,138],"economic":[48,54],"dispatch-based":[49,55],"ones":[50],"dynamic":[52],"ones.":[56],"Compared":[57],"with":[58,192],"conventional":[59],"that":[62,98,129],"calculates":[63,74],"optimal":[65,76],"for":[67],"current":[69],"operating":[70],"interval,":[71],"solution":[78],"over":[79],"multiple":[80],"future":[81],"time":[82,176],"intervals.":[83],"Look-ahead":[84],"can":[86,101],"obtain":[87],"cost":[88,121],"saving":[89,122],"by":[90],"pre-ramping":[91],"some":[92,165],"dispatched":[95],"generators":[96],"so":[97],"more":[102],"economically":[103],"match":[104],"changes":[106],"net":[108],"load":[109,112,182],"(i.e.,":[110],"-":[113],"power":[115],"output).":[116],"In":[117,140],"addition":[118],"benefit,":[123],"RTOs":[127],"claim":[128,149],"results":[132,189],"lower":[134],"price":[135,162],"volatility":[136,163],"than":[137],"dispatch.":[139],"this":[141,147,154],"paper,":[142],"we":[143,157],"attempt":[144],"demystify":[146],"industry":[148],"provide":[151],"counterexamples":[152],"claim.":[155],"Specifically,":[156],"investigate":[158],"relationship":[160],"between":[161],"key":[166],"factors":[167],"such":[168],"as":[169],"system-wide":[170],"ramping":[171],"capability,":[172],"number":[174],"intervals":[177],"horizon,":[181],"pattern":[183],"uncertainty.":[186],"The":[187],"simulation":[188],"illustrated":[191],"numerical":[193],"examples":[194],"IEEE":[197],"14-bus":[198],"system.":[199]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}