Title :
Cost-benefit analysis of generation additions in system planning
Author :
Jonnavithula, S. ; Billinton, R.
Author_Institution :
Bailey Network Manage., Sugar Land, TX, USA
fDate :
5/1/1998 12:00:00 AM
Abstract :
Selection of the optimum generation reserve depends on both economic and reliability considerations. A new approach to select the optimum generator additions in a bulk power system by minimising the total costs is presented in the paper. This includes investment, operational costs and unreliability costs in the form of outage costs. The proposed approach uses the Dantzig-Wolfe decomposition approach to minimise the total costs
Keywords :
cost-benefit analysis; electric power generation; power system planning; power system reliability; Dantzig-Wolfe decomposition; bulk power system; cost-benefit analysis; economics; generation additions; investment; operational costs; optimum generation reserve selection; outage costs; power system planning; reliability; total costs minimisation; unreliability costs;
Journal_Title :
Generation, Transmission and Distribution, IEE Proceedings-
DOI :
10.1049/ip-gtd:19981943
