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Optimization technique for long-term generation expansion planning using the maximum principle and the Gaussian distribution function

✍ Scribed by Y.M. Park; K.Y. Lee; L.T.O. Youn


Publisher
Elsevier Science
Year
1984
Tongue
English
Weight
781 KB
Volume
7
Category
Article
ISSN
0378-7796

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✦ Synopsis


This paper presents a new approach to optimal long-range generation planning. A completely new analytical approach to the production costing model and reliability measure is developed under the assumption of a Gaussian probability distribution for the random load fluctuations and plant outages. The long-range generation investment problem is formulated as an optimal control problem to determine optimally the annual investment in new generation capacity. The Hamiltonian minimization is performed by using a version of the gradient projection method.