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New Ananlytical Approach For Long-Term Generation Expansion Planning Based on Maximum Principle And Gaussian distribution Function

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3 Author(s)
Park, Y.M. ; Department of Electrical Engineering University of Houston-University Park ; Lee, K.Y. ; Youn, L.T.O.

This paper presents a new approach for the optimal long-range generation planning. A completely new analytical approach for the production costing model and reliability measure is developed under the assumption of Gaussian probabilistic distribution of random load fluctuations and plant outages. The long-range generation investment problem is formulated as an optimal control problem to determine optimally the annual investment in new generation capacity. The Hamiltonian minimization is performed by using a version of the gradient projection method.

Published in:

Power Apparatus and Systems, IEEE Transactions on  (Volume:PAS-104 ,  Issue: 2 )

Date of Publication:

Feb. 1985

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