Structural Properties of Feasible Bookings in the European Entry-Exit Gas Market System

Lars Schewe, Martin Schmidt, Johannes Thürauf

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

In this work, we analyze the structural properties of the set of
feasible bookings in the European entry-exit gas market system. We present
formal definitions of feasible bookings and then analyze properties that are
important if one wants to optimize over them. Thus, we study whether the sets
of feasible nominations and bookings are bounded, convex, connected, conic,
and star-shaped. The results depend on the specific model of gas flow in a
network. Here, we discuss a simple linear flow model with arc capacities as
well as nonlinear and mixed-integer nonlinear models of passive and active
networks, respectively. It turns out that the set of feasible bookings has some
unintuitive properties. For instance, we show that the set is nonconvex even
though only a simple linear flow model is used.
Original languageEnglish
Pages (from-to)197–218
Number of pages22
Journal4OR: A Quarterly Journal of Operations Research
Volume18
Early online date11 Jul 2019
DOIs
Publication statusPublished - 24 Jun 2020

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