Result comparison

[cshjin]

At lease three type of comparison needed:

• Deterministic model
  • Hour by Hour model solving.
  • Total cost should be the sum of optimal solution
• Two-Stage stochastic programming model
  • 2-Hour by 2-Hour model solving
  • Total cost should be the first-stage cost + the cost of second-stage based on what happened in the following hour.
• Repeated Two-stage stochastic programming model
  • repeated 2-Hour by 2-Hour model solving
  • Total cost is the sum of first-stage, since in every second-stage, solve the optimized solution again.

Ideally, the third one should be the best. And of course, we need to look a long term result, rather than just think about few hours.

[cshjin]

A whole year hourly cost in deterministic model is like this.

A modified prediction of solar irradiation based on the new algorithm is working well, as well as the stochastic programming. Preliminary cumulative cost result comparison like this

Okay, it is possible for user to make some money, at lease need to compensate the installation cost.

This is based on the Monte Carlo simulated data, and a real case analysis will put in private.