A comparison of methods for the optimal design of Distributed Energy Systems under uncertainty
Creators
- 1. Laboratory of Industrial and Energy Economics, School of Chemical Engineering, National Technical University of Athens, Zografou Campus, Athens, 15780 (Greece)
Description
Highlights: • Uncertainty in the design of DES is examined. • Four techniques for optimal design under uncertainty are applied and compared. • Uncertainty is examined in both the multi-objective and single-objective problem. • The significance of each uncertain parameter is shown. • Each method provides different results for the robust design. -- Abstract: Designing energy systems from both an economic and environmentally friendly way is a major challenge each country faces regarding regional sustainable development. In this context, Distributed Energy Systems (DES) can be developed to provide energy at local level. This paper presents an application of a multi-objective optimization model for designing a DES, using total annual cost (TAC) and carbon emissions as objective functions. Subsequently, the uncertainties of several parameters are considered, specifically energy prices, interest rate, solar radiation, wind speed and energy demand. To investigate solutions' robustness, four methods are used, (a) objective-wise worst-case uncertainty, (b) minimax regret criterion (MMR), (c) min expected regret criterion (MER) and (d) Monte Carlo simulation, in order to compare the differences in values of objective functions and resulting DES configuration. The proposed methods are presented through a case study and the results show that DES configuration varies when uncertainties in parameters are considered, enabling a decision maker (DM) to make a more informed choice.
Additional details
Identifiers
- DOI
- 10.1016/j.energy.2019.04.153;
- PII
- S0360544219307868;
Publishing Information
- Journal Title
- Energy (Oxford)
- Journal Volume
- 178
- Journal Page Range
- p. 318-333
- ISSN
- 0360-5442
- CODEN
- ENEYDS
INIS
- Country of Publication
- United Kingdom
- Country of Input or Organization
- International Atomic Energy Agency (IAEA)
- INIS RN
- 55015355
- Subject category
- S29: ENERGY PLANNING, POLICY AND ECONOMY;
- Descriptors DEI
- CARBON; COMPUTERIZED SIMULATION; DESIGN; ECONOMIC ANALYSIS; EMISSION; ENERGY DEMAND; ENERGY SYSTEMS; INTEREST RATE; MONTE CARLO METHOD; OPTIMIZATION; PRICES; PROGRAMMING; SOLAR RADIATION; STOCHASTIC PROCESSES; SUSTAINABLE DEVELOPMENT
- Descriptors DEC
- CALCULATION METHODS; DEMAND; ECONOMICS; ELEMENTS; NONMETALS; RADIATIONS; RESOURCE DEVELOPMENT; SIMULATION; STELLAR RADIATION
Optional Information
- Copyright
- Copyright (c) 2019 Elsevier Ltd. All rights reserved.