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Most participants watch the videos at 1.5x speed. Overview: In an electricity distribution grid some of the buses expect their electricity demand to grow in an uncertain way (exogenous uncertainty). In some other buses, demand side response is expected to be deployed but the consumer participation is uncertain (endogenous uncertainty). We will understand what the difference is between exogenous and endogenous sources of uncertainty, how to model them, and develop an optimization model - using Benders decomposition - for deciding the optimal investments in this distribution grid: i.e. whether to upgrade the capacity (kW) of distribution grid lines (when, and by how much) or deploy demand side response (and at which buses and when). We will also look at the FICO Mosel Xpress code and understand its along with its mathematical formulation. Prerequisites: None Duration: 2 hours, 14 minutes