Multiobjective generation expansion planning considering power system adequacy

A Lexicographic Optimization and Augmented ϵ-constraint Technique for Short-term Environmental/Economic Combined Heat and Power Scheduling

“…The concept of MMP involves more than one objective function, and as a result, a single optimal solution concurrently optimizing all objective functions is no longer valid [25]. In this regard, a ε-constraint method would be a well-organized technique to deal with MMP problems.…”

Generation expansion planning in electricity market considering uncertainty in load demand and presence of strategic GENCOs

“…However, generation expansion planning has become a complex issue in the power generation industry in the competitive space [7][8][9]. In a limited competitive space, it is necessary that the independent system operator is equipped with the capabilities of models and computational tools to enable it to study the behaviour of the expansion of the generation sector in power systems under uncertainty [5,7,[10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27].…”

“…Although, the market price was considered a variable in the bi-level models presented for the production expansion planning problem in [9] and [13] strategic companies were not taken into account in the studies. In some other bi-level models such as [35][36][37]] the supply function model was used to consider the strategic companies.…”

A Review of Potential Method for Optimization of Power Plant Expansion Planning in Jawa-Madura-Bali Electricity System

“…In addition to the economic factors, few factors that must be considered in the optimization process of power plant expansion are the reliability factor of the system and environmental factor especially for CO2 [11][12][13][14][15][16]. The reliability factor has been used in RUPTL is LOLP index [1].…”