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Stochastic production costing in generation planning: A large-scale mixed integer model

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Part of the book series: Mathematical Programming Studies ((MATHPROGRAMM,volume 20))

Abstract

The problem of generation planning is studied with particular reference to the modelling of forced outages of power plants in the operation submodel (that is to say, in the section of the planning model which evaluates the production costs of the system over the period of study). Using a partitioning method developed by Benders the planning problem is decomposed into a sequence of investment selection and operation costing problems. It is shown how the operation costing problem can be formulated as a linear model when forced outages are considered explicity. A modified version of a closed-form subroutine known in the literature as a stochastic production costing algorithm is used to solve this operation subproblem. The result is a highly efficient planning algorithm which has interesting convergence properties.

This work was jointly supported by Hydro-Québec and by the Social Sciences and Humanities Research Council of Canada.

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Jean-Louis Goffin Jean-Marc Rousseau

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© 1982 The Mathematical Programming Society, Inc.

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Côté, G., Laughton, M.A. (1982). Stochastic production costing in generation planning: A large-scale mixed integer model. In: Goffin, JL., Rousseau, JM. (eds) Applications. Mathematical Programming Studies, vol 20. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0121226

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  • DOI: https://doi.org/10.1007/BFb0121226

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-00851-1

  • Online ISBN: 978-3-642-00852-8

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