Title :
Optimal Generation Planning Considering Uncertainty
Author_Institution :
State Electricity Commission of Victoria
Abstract :
The paper describes a procedure for determining the optimal plan for the expansion of the generation facilities of a power system over a long period of time. A method of production costing based on probabalistic simulation methods is combined with an advanced dynamic programming formulation of the problem in order to treat uncertainty in a systematic manner.
Keywords :
Australia; Costs; Dynamic programming; Fuels; Load forecasting; Power system planning; Power system reliability; Power system simulation; Production systems; Uncertainty;
Journal_Title :
Power Apparatus and Systems, IEEE Transactions on
DOI :
10.1109/TPAS.1972.293292
