New Ananlytical Approach For Long-Term Generation Expansion Planning Based on Maximum Principle And Gaussian distribution Function
- 1 February 1985
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Apparatus and Systems
- Vol. PAS-104 (2) , 390-397
- https://doi.org/10.1109/tpas.1985.319054
Abstract
This paper presents a new approach for the optimal long-range generation planning. A completely new analytical approach for the production costing model and reliability measure is developed under the assumption of Gaussian probabilistic distribution of 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.Keywords
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