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Forecasting of energy and diesel consumption and the cost of energy production in isolated electrical systems in the Amazon using a fuzzification process in time series models

Authors :
Sandro Dimy Barbosa Bitar
Walter Barra Junior
Carlos Tavares da Costa Junior
João Caldas do Lago Neto
Source :
Energy Policy. 39:4947-4955
Publication Year :
2011
Publisher :
Elsevier BV, 2011.

Abstract

Understanding the uncertainty inherent in the analysis of diesel fuel consumption and its impact on the generation of electricity is an important topic for planning the expansion of isolated thermoelectric systems in the state of Amazonas. In light of this, a decision support system has been developed to forecast the cost of electricity production using non-stationary data by integrating the methodology of time series models with fuzzy systems and optimization tools. The method presented herein combines the potential of the Autoregressive Integrated Moving Average (ARIMA) and the Seasonal ARIMA (SARIMA) models, such as the forecasting tool, with the advantages of fuzzy set theory to compensate for the uncertainties and errors encountered in the observed data, which would degrade the validity of forecasted values. The results show that incorporation of the α-cut concept facilitated the evaluation of risks while allowing simultaneous consideration of intervals for the unitary cost of energy production. This provides the analyst with the ability to make decisions using various predicted intervals with different membership values instead of the common practice of simply using the specific costs.

Details

ISSN :
03014215
Volume :
39
Database :
OpenAIRE
Journal :
Energy Policy
Accession number :
edsair.doi...........892ea51bfb60ea93b19e95427b7ecd7d