Madhusudan Ghosh

Copositive Characterizations of Convex Hull Pricing

Madhusudan Ghosh, Antoine Lesage-Landry, Joshua Adam Taylor

Due to the nonconvex binary constraints of unit commitment (UC), no uniform linear pricing scheme supports the optimal dispatch. Convex hull pricing (CHP) and copositive duality pricing (CDP) both address this problem. CHP derives the price from the subgradient of the value funct…Read more