Transmission system expansion planning considering outage cost

Jaeseok Choi; Junmin Cha; Junzo Watada; T. D. Mount; R. Thomas

doi:10.1109/ICICIC.2007.603

Transmission system expansion planning considering outage cost

Jaeseok Choi^*, Junmin Cha, Junzo Watada, T. D. Mount, R. Thomas

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

9 Citations (Scopus)

Abstract

This paper proposes a method for choosing the best composite power system expansion plan considering an annual outage cost assessment. The proposed method minimizes the investment budget (economics) for constructing new generating units and transmission lines as well as the annual outage cost subject to deterministic (demand constraint) and probabilistic reliability criterion (LOLE_R), while considering the uncertainties of system elements. It models the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a probabilistic theory-based branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. The proposed method is applied to a 5-bus MRBTS, the test results demonstrate that the proposed method is suitable for solving the composite power system expansion planning problem subject to practical future uncertainties.

Original language	English
Title of host publication	Second International Conference on Innovative Computing, Information and Control, ICICIC 2007
DOIs	https://doi.org/10.1109/ICICIC.2007.603
Publication status	Published - 2008
Event	2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007 - Kumamoto Duration: 2007 Sept 5 → 2007 Sept 7

Other

Other	2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007
City	Kumamoto
Period	07/9/5 → 07/9/7

ASJC Scopus subject areas

Computer Science(all)
Mechanical Engineering

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10.1109/ICICIC.2007.603

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Choi, J, Cha, J, Watada, J, Mount, TD & Thomas, R 2008, Transmission system expansion planning considering outage cost. in Second International Conference on Innovative Computing, Information and Control, ICICIC 2007., 4428023, 2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007, Kumamoto, 07/9/5. https://doi.org/10.1109/ICICIC.2007.603

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title = "Transmission system expansion planning considering outage cost",

abstract = "This paper proposes a method for choosing the best composite power system expansion plan considering an annual outage cost assessment. The proposed method minimizes the investment budget (economics) for constructing new generating units and transmission lines as well as the annual outage cost subject to deterministic (demand constraint) and probabilistic reliability criterion (LOLER), while considering the uncertainties of system elements. It models the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a probabilistic theory-based branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. The proposed method is applied to a 5-bus MRBTS, the test results demonstrate that the proposed method is suitable for solving the composite power system expansion planning problem subject to practical future uncertainties.",

author = "Jaeseok Choi and Junmin Cha and Junzo Watada and Mount, {T. D.} and R. Thomas",

year = "2008",

doi = "10.1109/ICICIC.2007.603",

language = "English",

isbn = "0769528821",

booktitle = "Second International Conference on Innovative Computing, Information and Control, ICICIC 2007",

note = "2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007 ; Conference date: 05-09-2007 Through 07-09-2007",

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T1 - Transmission system expansion planning considering outage cost

AU - Choi, Jaeseok

AU - Cha, Junmin

AU - Watada, Junzo

AU - Mount, T. D.

AU - Thomas, R.

PY - 2008

Y1 - 2008

N2 - This paper proposes a method for choosing the best composite power system expansion plan considering an annual outage cost assessment. The proposed method minimizes the investment budget (economics) for constructing new generating units and transmission lines as well as the annual outage cost subject to deterministic (demand constraint) and probabilistic reliability criterion (LOLER), while considering the uncertainties of system elements. It models the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a probabilistic theory-based branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. The proposed method is applied to a 5-bus MRBTS, the test results demonstrate that the proposed method is suitable for solving the composite power system expansion planning problem subject to practical future uncertainties.

AB - This paper proposes a method for choosing the best composite power system expansion plan considering an annual outage cost assessment. The proposed method minimizes the investment budget (economics) for constructing new generating units and transmission lines as well as the annual outage cost subject to deterministic (demand constraint) and probabilistic reliability criterion (LOLER), while considering the uncertainties of system elements. It models the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a probabilistic theory-based branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. The proposed method is applied to a 5-bus MRBTS, the test results demonstrate that the proposed method is suitable for solving the composite power system expansion planning problem subject to practical future uncertainties.

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BT - Second International Conference on Innovative Computing, Information and Control, ICICIC 2007

T2 - 2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007

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ER -

Transmission system expansion planning considering outage cost

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