| Title |
A Study on the Power Expansion Planning Model using Multi-criteria Decision Making Rule |
| Authors |
한석만(Han, Seok-Man) ; 김발호(Kim, Bal-Ho H.) |
| Keywords |
Power expansion planning ; Multi-criteria decision making ; Optimization ; Power markets ; WASP |
| Abstract |
The power expansion planning is large and capital intensive capacity planning. In the past, the expansion planning was established with the proper supply reliability in order to minimize social cost. However, the planning can't use cost minimizing objective function in the power markets with many market participants. This paper proposed the power expansion planning model using multi-criteria decision rule. This model used multi objective function considering not only cost minimizing but also GENCO's intension. This paper compared proposed model with WASP model in order to verify the result of proposed model. |