학술논문

Design of Sustainable Renewable-Based Utility Plants in the Face of Uncertainty
Document Type
article
Source
Frontiers in Sustainability, Vol 2 (2021)
Subject
renewable resources
utility plants
uncertainty
stochastic optimization
flexible designs
Economic theory. Demography
HB1-3840
Language
English
ISSN
2673-4524
Abstract
This work presents the formulation of a two-stage stochastic mixed-integer linear programming (MILP) model to include uncertainty in the design of renewable-based utility plants. The model is based on a superstructure that integrates technologies to process biomass, waste, solar radiation, and wind and considers uncertainty in availability of the renewable resources and on the utility demands. The uncertain parameter space is calculated based on a monthly probability density function for each uncertain parameter and discretized into different levels. It is shown that as uncertainty is considered in the model formulation, design flexibility improves with respect to the deterministic-based designs, although the flexibility is achieved at the expense of higher underused facilities and therefore unused investment cost.