Demand Management: Operations Research allow energy and utility companies to respond to the growing demand for services each year. Optimization enables organizations to delicately balance consumer utilization with responsible management of power generation and distribution.
Data Analytics: Optimization allows companies to turn data into insight by combining economic, social, and environmental considerations into a single mathematical model.
Disaster Management: Optimization can also be used to help companies mitigate risk and uncertainty in an increasingly competitive market. There can be many reasons for blockage of energy or utility transport in certain areas like internal or external war, weather, but Optimization can always help you optimally use resource network.
Business problems include:
Resource Planning, Supply Portfolio Planning, Unit Commitment, Distribution Planning, Reservoir Management, Operations Planning, Production Planning, Smart Grid Operations, Pricing Optimization, Risk Management, Network Planning, Power Market Simulation, Inventory Management, Pricing Optimization, Energy Trading, Power Supply Management, Natural Gas Trading
Common Optimization Problems :
- Unit Commitment Problems
- Network Design Problems
- Network Flow Problems
- Facility Location Problems
- Quadratic Assignment Problems