Energy & Utilities

Gurobi solvers 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. Optimization allows companies to turn data into insight by combining economic, social, and environmental considerations into a single mathematical model. Optimization can also be used to help companies mitigate risk and uncertainty in an increasingly competitive market.

 

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  

 

Industry Energy LogosCommon optimization problems:

 

 

 

 

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Related Resources

Using MIP to Model Midstream Energy Assets

This webinar is centered around how East Daley Capital integrates Gurobi into their models. It will cover the business case from a high level, problem formulation as a Mixed Integer Program using Gurobi’s Python API, and the use of Gurobi features to assist in model development.