A model for the determination of optimal electric generating system expansion patterns
Name
MIT-EL-73-009-02783214.pdf
Size
9.41 MB
Format
Adobe PDF
Checksum (MD5)
9a9af4fdc485920b9d7dd9f1f2e8d478
Author(s)
Farrar, Dennis Lloyd
Woodruff, Frederick
Date Issued
1973
Publisher
MIT Energy Lab
Series/Report no.
MIT-EL
73-009
Abstract
Long range electric generating capacity expansion
planning requires consideration of a diverse range of issues
including economic and financial evaluations, environmental
protection, and overall system reliability. To determine the
optimum system expansion plan, it is necessary to create a
synthesis of combinations of possible technical alternatives,
observe the intertemporal effects of the system along the dimensions of the problem, and choose the set of alternatives
which best meets the objectives while satisfying all constraints.
A system of integrated techniques and computer codes
(called the Generation Expansion Model) has been formulated to
evaluate the economic, environmental, and reliability aspects
of regional generation expansion strategies. The computer
codes comprising the model are used serially and in an iterative manner to find the set of plant and site alternatives and
the corresponding plant operating histories which will minimize the total present worth of all capital, operating, and
fuel costs while satisfying the demand for electricity, fuel
availability, site availability, pollution limits, and reliability constraints.
Prototypical versions of the three major submodels of
the Generation Expansion Model exist; initial testing of the
capabilities and sensitivities of the first two submodels and
their interface is currently being performed
Description
Essentially constitutes a M.S. thesis in the Sloan School of Management and the Dept. of Civil Engineering
Subjects
Electric power-plants
Electric power production
Persistent DSpace Link
