GENERATION EXPANSION PLANNING USING BENDERS’ DECOMPOSITION AND GENERALIZED NETWORKS

Authors

  • Hong Kim Korea Electric Power Corporation
  • Hansuk Sohn New Mexico State University
  • Dennis L Bricker The University of Iowa

DOI:

https://doi.org/10.23055/ijietap.2011.18.1.411

Keywords:

Benders’ decomposition, generalized network, generation expansion, generation planning, time step approach

Abstract

This paper presents an optimization model and its application to a generation expansion planning problem. The proposed model has a generalized network structure and is exploited effectively by Benders’ decomposition algorithm, where a master problem generates trial expansion plans and a set of subproblems compute production cost and system reliability for the trial plan. The applicability of our decomposition algorithm is demonstrated in the case study of Korea's generation expansion planning. The results demonstrate that the model is a practical and flexible tool in solving realistic long-range generation planning problems.

Author Biographies

Hong Kim, Korea Electric Power Corporation

Hong Kim received his Ph.D. in industrial engineering from the University of Iowa, and is currently a Senior researcher at the Korea Electric Power Corporation in Korea (ROK).

Hansuk Sohn, New Mexico State University

H

Dennis L Bricker, The University of Iowa

Dennis L. Bricker received his B.S. in mathematics from the University of Illinois in 1965 and his M.S. in mathematics from the University of Illinois, Urbana-Champaign, IL, USA in 1966.  He then attended Northwestern University, Chicago, IL, USA where he received his M.S. in industrial engineering and management science in 1972, and then his Ph.D. in industrial engineering and management science in 1975. 

He is Professor Emeritus in the Department of Mechanical and Industrial Engineering at the University of Iowa, where he has taught and conducted research in operations research, with a primary interest in optimization algorithms and applications.

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Published

2011-02-26

How to Cite

Kim, H., Sohn, H., & Bricker, D. L. (2011). GENERATION EXPANSION PLANNING USING BENDERS’ DECOMPOSITION AND GENERALIZED NETWORKS. International Journal of Industrial Engineering: Theory, Applications and Practice, 18(1). https://doi.org/10.23055/ijietap.2011.18.1.411

Issue

Vol. 18 No. 1 (2011)

Section

Operations Research

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