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Optimal long term transmission expansion planning based on maximum principle

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3 Author(s)
Kim, K.J. ; Dept. of Electr. Eng., Choong-Nam Nat. Univ., Daejon, South Korea ; Park, Y.M. ; Lee, K.Y.

The authors propose an algorithm for long-term transmission expansion planning. The algorithm is based on the linear power flow and failure probabilities for the operation cost model, and the maximum principle for the long-term investment model. The optimization problem consists of the long-term problem to determine the annual investment, and the yearly problem to determine the optimal operation. The long-term problem is formulated as a Hamiltonian minimization problem and the yearly problem is formulated as a linear programming problem

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Power Systems, IEEE Transactions on  (Volume:3 ,  Issue: 4 )