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1 Introduction


1.1 Introduction




2 Reminder of Backwards Induction Framework


2.1 Theory & Case Study Description


2.2 Sensitivity Studies


2.3 Reproducing the results




3 The Stochastic Optimization model


3.1 The concept of Scenario Tree & Uncertainty


3.2 Overall Structure of the Backwards & SP files


3.3 Setting up the Stochastic Optimization model


3.4 Modelling the electricity demand




4 Running the Stochastic Optimization studies


4.1 Solving for decision D1


4.2 Solving for decision D2


4.3 Solving for decision D3


4.4 Solving for decision D4


4.5 Key points on the comparison


4.6 Running the Stochastic Planning studies




5 Conclusions


5.1 Conclusions

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© 2026 Dr Spyros Giannelos
London, United Kingdom
spyros@spyrosgiannelos.com
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