An Interval-Parameter Based Two-Stage Stochastic Programming for Regional Electric Power Allocation

Electricity has become an indispensable part of human being’s life. In China, regional electric power allocation, involving multiple groups who pursue the biggest social benefit, has been facing some serious problems and raising people’s more and more concern. In this paper, an interval-parameter based two-stage stochastic model is built to solve the problem of planning of electric power allocation target in the perspective of the State Grid Corporation. In the model, the interval-parameter is used to deal with uncertainty of the problem and the two-stage decision making helps take corrective actions after a random events occurs. The application of the model was demonstrated efficiency and practicality with the case study in real world. Combining models proposed in this paper with some related policy implications, it is useful in improving actual operation and helping better decision.