The flexible rolling schedule for infinite-horizon optimality in generation expansion planning

Prevailing approaches for reducing end effects in finite-horizon generation expansion planning (i.e. truncated, static post-horizon, salvage value, dual equilibrium, and rolling schedule) are compared, and the computationally efficient flexible rolling schedule introduced. The flexible rolling schedule is a general system-specific heuristic approximation for infinite-horizon optimal solutions. The significance of the baseload construction rate for infinite-horizon optimality is identified