The residential co-generation system
is a promising strategy to
satisfy the electricity and hot water demands in residential complexes.
This is an attractive option from both economic and environmental
points of view; however, the associated risk has not been accounted
for. It is very important to consider the risk associated with residential
co-generation systems because the involved units use volatile fuels
such as natural gas or liquefied petroleum gas. Therefore, this paper
presents an optimization approach for designing residential co-generation
systems through a multi-objective optimization formulation that simultaneously
accounts for minimizing the total annual cost and the environmental
impact as well as the associated risk to satisfy the electricity and
hot water demands in a residential complex. The proposed model incorporates
the optimal selection for the technologies used as well as the operation.
A case study for a residential complex in Mexico is presented to show
the applicability of the proposed approach, where it was shown to
be possible to obtain attractive solutions from economic, environmental,
and safety points of view.
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