Ch. Wang et Kj. Min, AN INTEGRATED RESOURCE PLANNING-MODEL FOR UTILITIES WITH QUANTIFIED OUTAGE COSTS, INTERNATIONAL JOURNAL OF ELECTRICAL POWER AND ENERGY SYSTEMS, 20(8), 1998, pp. 517-524
integrated resource planning (IRP) for electric utilities involves man
agement planning of supply as well as demand at the same time. In this
paper, we develop a mixed integer linear programming model for IRP. T
he two key distinctions of this model are the incorporation of the for
ced outage cost and the inclusion of power deficit/surplus. The forced
outage cost will more accurately reflect the true cost to a utility,
and the power deficit/surplus features will more accurately represent
the existence of power deficit/surplus in utilities nowadays. A compre
hensive numerical example is provided for illustrative purposes. (C) 1
998 Elsevier Science Ltd.