Next Article in Journal
A Review of Energy Assessment Methodology for Water Supply Systems
Previous Article in Journal
An SNA-DEA Prioritization Framework to Identify Critical Nodes of Gas Networks: The Case of the US Interstate Gas Infrastructure
Open AccessArticle

Multi-Period Newsvendor Problem for the Management of Battery Energy Storage Systems in Support of Distributed Generation

1
Department of Mechanical and Industrial Engineering, Università degli Studi di Brescia, via Branze 38, I-25123 Brescia, Italy
2
Department of Information Engineering, Università degli Studi di Brescia, via Branze 38, I-25123 Brescia, Italy
*
Author to whom correspondence should be addressed.
Energies 2019, 12(23), 4598; https://doi.org/10.3390/en12234598
Received: 28 October 2019 / Revised: 26 November 2019 / Accepted: 29 November 2019 / Published: 3 December 2019
Stakeholders’ interests on renewable and clean energy sources experienced a huge increase in the last decades, thanks to the remarkable benefits on climate, economic, and social issues. The integration of flexible energy storage systems represents a great chance for a further increased penetration as they support the mitigation of renewables’ main drawbacks (i.e., stochastic behavior) and guarantee the balance between energy supply and demand enabling non-simultaneous production and consumption. The increased focus on distributed generation and storage was also of interest to the research community which investigated both the economic and technical performances of the integrated systems. The operations management branch addressed this topic, since storage devices present many similarities with traditional inventory management applied to regular commodities. At a user level, the relation between energy production and storage can be studied by analogy with inventory models. Specifically, this study presents a multi-period newsvendor model for the management and optimal sizing of a battery energy storage system installed to increase the self-consumption rate by allowing loads shifting. This work aims to extend the traditional inventory management applying its concepts to energy systems operations in order to minimize the total energy cost. A numerical study is provided to show the behavior of the model. View Full-Text
Keywords: energy storage; batteries; newsvendor; operations management; inventory model energy storage; batteries; newsvendor; operations management; inventory model
Show Figures

Figure 1

MDPI and ACS Style

Marchi, B.; Zanoni, S.; Pasetti, M. Multi-Period Newsvendor Problem for the Management of Battery Energy Storage Systems in Support of Distributed Generation. Energies 2019, 12, 4598.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop