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2012 IEEE Power and Energy Society General Meeting
1 -Studies have shown that for a given set of bids, Payment Cost Minimization leads to lower customer payments as compared to Bid Cost Minimization. In order to provide a thorough analysis of the two mechanisms an efficient solution methodology is required. It has previously been shown that the surrogate optimization within the Lagrangian relaxation framework can lead to savings in the CPU time while ensuring a high-quality solution. This paper develops an efficient methodology to solve Paymentdoi:10.1109/pesgm.2012.6345529 fatcat:uoz2qxjjnbf5rd43c34ahixlme