The combined costs method for optimal economic planning of an electrical power system

1 November 1975

journal article
Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Apparatus and Systems

Vol. 94 (6) , 1935-1942
https://doi.org/10.1109/t-pas.1975.32039

Abstract

A mathematical programming model is described for the economic planning of generation and transmission systems. By iterating between the simulation of operating conditions and the combined costs model the number of constraints are reduced by up to one hundredth of those required for early linear programming models.

Keywords

POWER SYSTEM PLANNING
COST FUNCTION
POWER SYSTEM ECONOMICS
POWER GENERATION ECONOMICS
POWER SYSTEM MODELING
MATHEMATICAL MODEL
MATHEMATICAL PROGRAMMING
POWER SYSTEM SIMULATION
LINEAR PROGRAMMING
CONTEXT MODELING

This publication has 1 reference indexed in Scilit:

Models for Determining Least-Cost Investments in Electricity Supply
The Bell Journal of Economics and Management Science, 1972