News - Increased Xpress-MP Evaluations and Sales from the Energy Industry Point to a Maturing Optimization Market

Increasing evaluations and sales of Xpress-MP to energy companies points to a maturing optimization market within this industry. According to Alkis Vazacopoulos, US Managing Director, “We have noticed that one of the industries with the largest growth in the last quarter was the Energy Industry. This industry is using very sophisticated optimization to solve long-term and short-term operations problems. We see this industry as the next big market for optimization and we are focusing on creating new business opportunities to maintain our dominant market position as the leading mathematical modeling and optimization provider.”

Xpress-MP is currently being used in the Energy Industry to solve diverse problems such as:

Unit Commitment
Energy Market Modeling
Risk Management
Power Management
Capacity Expansion
Operations Planning Under Uncertainty

In the upcoming months Dash Optimization will be presenting at the following Energy conferences:

78th Meeting of the GOR Working Group: Stochastic Optimization in the Energy Industry, Germany, April 19-20, 2007. Presentation Title: Building Solutions for 2-State and Multi-Stage Stochastic Linear Programs for Energy Optimization Problems Using Xpress-SP.
Power Systems Modeling 2007, Athens, Greece, June 5-8, 2007 (http://www.enercord.com/PSM/index.html). Presentation Title: Solving Hard Mixed Integer Programming Problems.

For more information about how Dash Optimization can help you solve Energy Industry optimization problems or for more information about one of the conferences above please contact: .