Abstract:Power systems incrementally and continuously upgrade their components, such as transmission lines, reactive capacitors, or generating units. Decision-making tools often support the selection of the best set of components to upgrade. Optimization models are often used to support decision making at a given point in time. After certain time intervals, re-optimization is performed to find new components to add. In this paper, we propose a decision-making framework for incrementally updating power system components… Show more
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