Abstract
We consider power system expansion planning under uncertainty. In our approach, integer programming and stochastic programming provide a basic framework. We develop a multistage stochastic programming model in which some of the variables are restricted to integer values. By utilizing the special property of the problem, called block separable recourse, the problem is transformed into a two-stage stochastic program with recourse. The electric power capacity expansion problem is reformulated as the problem with first stage integer variables and continuous second stage variables. The L-shaped algorithm to solve the problem is proposed.
| Original language | English |
|---|---|
| Pages (from-to) | 934-939 |
| Number of pages | 6 |
| Journal | World Academy of Science, Engineering and Technology |
| Volume | 78 |
| Publication status | Published - 2011 Jun 1 |
| Externally published | Yes |
Keywords
- Electric power capacity expansion problem
- Integer programming
- L-shaped method
- Stochastic programming
ASJC Scopus subject areas
- Engineering(all)