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Strategic Planning for Electric Utilities: Problems and Analytic Methods

Author

Listed:
  • H. M. Merrill

    (Power Technologies, Inc., P.O. Box 1058, Schenectady, New York 12301)

  • F. C. Schweppe

    (Electric Power Systems Engineering Laboratory, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139)

Abstract

Various peculiarities and problems are associated with strategic planning for electric utilities. “Optimal” generation expansion and strategic planning packages are used, as are corporate model programs. However, strategic planning is better considered a process of multiobjective decision making under uncertainty, and we present here a practical method for solving such problems.

Suggested Citation

  • H. M. Merrill & F. C. Schweppe, 1984. "Strategic Planning for Electric Utilities: Problems and Analytic Methods," Interfaces, INFORMS, vol. 14(1), pages 72-83, February.
    • Handle: RePEc:inm:orinte:v:14:y:1984:i:1:p:72-83
    DOI: 10.1287/inte.14.1.72
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    Citations

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    Cited by:

    1. Heinrich, G. & Howells, M. & Basson, L. & Petrie, J., 2007. "Electricity supply industry modelling for multiple objectives under demand growth uncertainty," Energy, Elsevier, vol. 32(11), pages 2210-2229.
    2. Hobbs, Benjamin F., 1995. "Optimization methods for electric utility resource planning," European Journal of Operational Research, Elsevier, vol. 83(1), pages 1-20, May.

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