S. Asgarpoor et S. Benson, PRODUCTION COSTING STRATEGY FOR OPTIMAL SO2 COMPLIANCE USING MONTE-CARLO SIMULATION, Electric power systems research, 37(3), 1996, pp. 159-164
One of the main goals of electric utilities is to meet the required lo
ad demand in the most cost effective manner. With the continuing empha
sis on environmental factors and the addition of the Clean Air Act Ame
ndments of November 1990, cost effective solutions must now be subject
to environmental considerations. This paper describes a simple framew
ork which uses the Monte Carlo method to develop an economic and emiss
ions based objective function for use in a production cost model. A co
mputer program has been developed to implement this method on a DEC 31
00 workstation. System studies are performed to illustrate the techniq
ue.