ESPO is proud to introduce the latest addition to the Forecasting Toolbox on the ESPO platform—the “MATLAB-based Scenario Reduction Source Code Using a Fast-Forward Technique.”
This intuitive and user-friendly MATLAB tool empowers users to convert large sets of forecasted scenarios into smaller, more manageable sets—while preserving as much valuable information as possible. Designed with accessibility in mind, it requires no prior expertise in scenario reduction methods.
In many stochastic programming applications, a large number of scenarios are needed to achieve accurate and robust solutions. However, this often leads to excessive computational demands or even intractable problems. Our new tool addresses this challenge by offering an efficient reduction technique that significantly lowers computational complexity.
Whether you’re an experienced modeler or new to scenario management, this tool is designed to streamline your workflow.
To learn more, please refer to the product catalog or watch the instructional video available on the ESPO website: