A Bayesian Decision Support System in Energy Systems Planning

04/11/2022
by   Victoria Volodina, et al.
0

Gaussian Process (GP) emulators are widely used to approximate complex computer model behaviour across the input space. Motivated by the problem of coupling computer models, recently progress has been made in the theory of the analysis of networks of connected GP emulators. In this paper, we combine these recent methodological advances with classical state-space models to construct a Bayesian decision support system. This approach gives a coherent probability model that produces predictions with the measure of uncertainty in terms of two first moments and enables the propagation of uncertainty from individual decision components. This methodology is used to produce a decision support tool for a UK county council considering low carbon technologies to transform its infrastructure to reach a net-zero carbon target. In particular, we demonstrate how to couple information from an energy model, a heating demand model, and gas and electricity price time-series to quantitatively assess the impact on operational costs of various policy choices and changes in the energy market.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
01/24/2022

Propagating uncertainty in a network of energy models

Computational models are widely used in decision support for energy syst...
research
10/25/2016

Gaussian Process Kernels for Popular State-Space Time Series Models

In this paper we investigate a link between state- space models and Gaus...
research
11/11/2020

Energy consumption forecasting using a stacked nonparametric Bayesian approach

In this paper, the process of forecasting household energy consumption i...
research
09/28/2022

Strain energy density as a Gaussian process and its utilization in stochastic finite element analysis: application to planar soft tissues

Data-based approaches are promising alternatives to the traditional anal...
research
01/09/2018

Known Boundary Emulation of Complex Computer Models

Computer models are now widely used across a range of scientific discipl...
research
05/25/2020

Path Imputation Strategies for Signature Models

The signature transform is a 'universal nonlinearity' on the space of co...
research
06/08/2022

Bayesian Predictive Decision Synthesis

Decision-guided perspectives on model uncertainty expand traditional sta...

Please sign up or login with your details

Forgot password? Click here to reset