Buffered Optimisation and Reliability Method (BORM)
23 Aug 2025Tags: BORM RBO power-systems data-driven
Reliability-based optimisation (RBO) aims to find the most economical solution that meets a target reliability.
As a tool for RBO, BORM (Buffered Optimisation and Reliability Method) greatly improves computational efficiency, especially in data-driven settings and for general, large-scale systems [Byun & Royset, 2022; Byun et al., 2023].
In practice, BORM has solved a large power-system optimisation problem within ~1.5 hours on a personal laptop:
Figure: Large-scale power-system case study solved using BORM; see Byun et al. (2023).
If you’re interested in trying it, see the MATLAB codes on GitHub: https://github.com/jieunbyun/sborm.