Classical vs. Heuristic Optimisation: Comparing MILP, Genetic Algorithms and Simulated Annealing for Pumped Storage Hydropower Optimisation

Optimisation
Python
Energy Economics
Author

Mathias Steilen

Published

September 20, 2024

Abstract
I implement the genetic algorithm and simulated annealing to optimise the operation of a pumped storage system in the day-ahead market. How do they compare with the solution found by classical mixed-integer linear programming? Let’s find out.