A recursive computational procedure derived from the cumulant method for efficiently calculating production cost and reliability derivatives is proposed. The procedure is applicable to the derivatives with respect to load, unit capacity, or forced outage rate. Moreover, the procedure can handle any number of cumulants without additional theoretical development or software implementation effort. Th...Show More
A multiobjective optimization approach to generation expansion planning is presented. The approach is obtained by adding a new multicriteria decision (MCD) procedure to the conventional algorithm which combines dynamic programming with a production simulation method. The MCD procedure can help decision-makers weigh the relative importance of multiple attributes associated with the decision alterna...Show More
Incorporating a Multi-Criteria Decision Procedure into the Combined Dynamic Programming/Production Simulation Algorithm for Generation Expansion Planning
Incorporating a Multi-Criteria Decision Procedure into the Combined Dynamic Programming/Production Simulation Algorithm for Generation Expansion Planning
