The First Prize from Day Ahead Market Optimization Competition

The winners of the Day Ahead Market Optimization Competition - Algorithms Competing have been announced. Algorithms designed by the participants from academic and sectorial backgrounds were evaluated regarding their originality, solution quality and speed, and benchmarked with each other. Furkan Cantürk, a Master of Science student in the Artificial Intelligence Program at Ozyegin University, has won the first prize. He designed a heuristic algorithm working with a tailored convergence technique producing high-quality solutions to the Day Ahead Market Problem.

The Day Ahead Electricity Market Problem is a large-scale combinatorial optimization problem under the objective of maximal social welfare, which requires implementing effective heuristic solutions and also deploying a commercial solver to obtain high-quality solutions in a limited time. Daily transactions made in Turkish Day Ahead Electricity Market have a trade volume of millions of Turkish Liras. Therefore, EPİAŞ (Turkish Energy Markets Operator) encourages the design of innovative solutions to such a real-life complex problem by organizing the competition.

https://www.epias.com.tr/tum-duyurular/algoritmalar-yarisiyor-yarismasi-kazananlari-belli-oldu/