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An inexact two-stage fractional energy systems planning model

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  • Song, Tangnyu
  • Huang, Guohe
  • Zhou, Xiong
  • Wang, Xiuquan

Abstract

In this study, an inexact two-stage fractional energy systems planning model (ITF-ESP) is developed through an integration of interval-parameter programming (IPP), two-stage stochastic programming (TSP), fractional programming (FP), and mixed integer linear programming (MILP) methods. Since the proposed model could not be solved directly, it is converted into two interactive sub-models. In order to obtain more precise interval solutions, the sub-model corresponding to f−is solved first. The developed ITF-ESP model is considered as an efficient approach to address dual-objective optimization problems involving capacity expansion issues and policy scenario analysis, as well as uncertainties described as intervals and probability distributions. Effectiveness of the ITF-ESP model is demonstrated through a case study within a Chinese context. The results indicate that although the non-renewable technologies would still play a major role in electricity generation, the renewable technologies are becoming increasingly significant. Comparisons of the ITF-ESP model and the least-cost model are conducted to illustrate the advantages of the proposed ITF-ESP model in reflecting trade-offs between economic development and environmental protection. In addition, compared with the chance-constrained two-stage fractional optimization model (CTFO), interval solutions obtained from the ITF-ESP model can provide multiple alternative management plans in terms of electricity generation and capacity expansion.

Suggested Citation

  • Song, Tangnyu & Huang, Guohe & Zhou, Xiong & Wang, Xiuquan, 2018. "An inexact two-stage fractional energy systems planning model," Energy, Elsevier, vol. 160(C), pages 275-289.
    • Handle: RePEc:eee:energy:v:160:y:2018:i:c:p:275-289
    DOI: 10.1016/j.energy.2018.06.158
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