The book contains description of a real life application of modern mathematical optimization tools in an important problem solution for power networks. The objective is the modelling and calculation of optimal daily scheduling of power generation, by thermal power plants, to satisfy all demands at minimum cost, in such a way that the generation and transmission capacities as well as the demands at the des of the system appear in an integrated form. The physical parameters of the network are also taken into account. The obtained large-scale mixed variable problem is relaxed in a smart, practical way, to allow for fast numerical solution of the problem.
Prof. Andras Prekopa is a Professor at Rutgers University in the Department of Statistics. Prof. Janos Mayer is a Professor at University of Zurich in the Department of Business Adminstration. Prof. Beata Strazicky is currently retired but was a Professor at Szent Istvan University. Prof. Istvan Deak is a Professor at Corvinus University of Budapest in the Department of Computer Science. Janos Hoffer works at Allianz Hungaria Insurance Company in the IT Quality Assurance Section. Agoston Nemeth works in Ex-Lh Ltd. Bela Potecz is retired but previously worked for MAVIR Hungarian Independent Transmission Operator Company Ltd.