Stochastic Programming & Robust Optimization | Energy Modeling | Guest Lecture

Hi everyone, Welcome to this video. Rapid technological changes and anthropogenic climate change are responsible for major uncertainties such as technical, economic, political, policy-related, and behavioral uncertainties in the global energy system. Planning a resilient energy system that can manage the effects of these uncertainties is a major challenge. This lecture explains two methodologies to address uncertainties in energy models: stochastic linear programming (SLP) and robust optimization (RO). I step-by-step build on a simple example to formulate SLP and RO problems. Hope you find the lecture helpful!