Incorporating a multi-criteria decision procedure into the combined dynamic programming/production simulation algorithm for generation expansion planning

H. T. Yang, S. L. Chen

Research output: Contribution to journalArticle

68 Citations (Scopus)

Abstract

A multi-objective optimization approach to generation expansion planning is presented. The approach is designed by adding a new multi-criterie decision (MCD) procedure to the conventional algorithm which combines dynamic programming with production simulation method. The MCD procedure can help decision makers weight the relative importance of multiple attributes associated with the decision alternatives, and find the near-best compromise solution efficiently at each optimization step of the conventional, algorithm. Practical application of proposed approach to feasibility evaluation of the fourth nuclear power plant of Taiwan is also presented, demonstrating the effectiveness and limitations of the approach.

Original languageEnglish
Pages (from-to)165-175
Number of pages11
JournalIEEE Transactions on Power Systems
Volume4
Issue number1
DOIs
Publication statusPublished - 1989 Feb

All Science Journal Classification (ASJC) codes

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

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