Optimal Expansion of a Developing Power System under the Conditions of Market Economy and Environmental Constraints
Abstract
This paper presents a mathematical model for the optimal expansion of a developing power system. The relations between technical and economic criteria of the power system are non-linear, which makes the problem more complicated. In this model all non-linear relations are made linear. The considered model includes provisions for energy security, which is significant especially for countries that do not possess adequate energy resources. Furthermore, environmental constraints are placed on the model to formulate optimal expansion strategy for the developing power system. Based on the economic analysis of the model some conclusions and recommendations are made.
Recommended Citation
M. Avetisyan et al., "Optimal Expansion of a Developing Power System under the Conditions of Market Economy and Environmental Constraints," Energy Economics, vol. 28, no. 4, pp. 455 - 466, Elsevier, Jul 2006.
The definitive version is available at https://doi.org/10.1016/j.eneco.2005.12.001
Department(s)
Mechanical and Aerospace Engineering
Keywords and Phrases
Environmental Constraints; Mathematical Model; Optimal Expansion; Power System; Strategy
International Standard Serial Number (ISSN)
0140-9883
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2006 Elsevier, All rights reserved.
Publication Date
01 Jul 2006
