• 대한전기학회논문지
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• 제34권8호
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• pp.308-316
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• 1985

This paper proposes an analytic tool for long-term generation expansion planning based on the maximum principle. Many research works have been performed in the field of generation expansion planning. But few works can be found with the maxinmum principle. A recently published one worked by professor Young Moon Park et al. shows remarkable improvements in modeling and computation. But this modeling allows only thermal units. This paper has extended Professor Park's model so that the optimal pumped-storage operation is taken into account. So the ability for practical application is enhanced. In addition, the analytic supply-shortage cost function is included. The maximum principle is solved by gradient search due to its simplicity. Every iteration is treated as if mathematical programming such that all controls from the initial to the terminal time are manipulated within the same plane. Proposed methodology is tested in a real scale power system and the simulation results are compared with other available package. Capability of proposed method is fully demonstrated. It is expected that the proposed method can be served as a powerful analytic tool for long-term generation expansion planning.

• 전기학회논문지
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• 제61권7호
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• pp.957-965
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• 2012

Korean government has been preparing the introduction of Emission Trading as part of the framework convention on Climate Change as a relief of negative downstream effect over electricity industry. This paper develops a mathematical model amenable to analyzing the economic impact of introduced emission trading system on the national generation expansion planning. The developed model was also employed with a case study to verify its applicability.

• 대한전기학회:학술대회논문집
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• 대한전기학회 1999년도 하계학술대회 논문집 C
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• pp.1101-1103
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• 1999

Deregulation and restructuring of electric industry change the fundamental nature of electric business which will be coordinated by the evolved market structures such as spot market with pool and bilateral transaction structure, forward market and future market. Introduction of competition can significantly change the system operation in near-terms as well as long-run generation expansion planning Previous centralized planning by monopoly utilities which was guided for the public service purpose will be replaced by decentralized investments plan by individual generation companies in response to commercial incentives. This paper reviews WASP model as a centralized planning tool and presents a methodological analysis of generation expansion planning in deregulated power systems. It stresses how affects the process of planning new generation investments by the introduction of competition and how maintains proper fuel mix and continuously sustains system reliability under deregulated environments.

• ETRI Journal
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• 제37권2호
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• pp.295-305
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• 2015

The purpose of this paper is to a develop model for generation expansion planning that can support diverse environmental policies for the reduction of greenhouse gases (GHGs) of South Korea. South Korea is required to reduce its GHG emissions by 30% from the BAU level by 2020. The Wien Automatic System Planning Package currently used in South Korea has limitations in terms of the application of renewable energy policies and GHG targets; this paper proposes the use of an equipment planning model named generation and transmission expansion program, which has been developed to resolve such limitations. For verification of the model, a case study on the 6th Basic Plan of Long-Term Electricity Supply and Demand has been conducted. The results show that for the year 2020 South Korea's annual GHG emissions will be 36.6% more than the GHG Target Management System (GHG TMS) target set for the same year (30%). To achieve the GHG TMS target, the costs involved amount to about 72 trillion KRW (70 billion USD). Consequently, the South Korean government needs to review the performability of this target.

• Journal of Electrical Engineering and Technology
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• 제8권4호
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• pp.686-693
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• 2013

Generation Expansion Planning (GEP) is one of the most important decision-making activities in electric utilities. Least-cost GEP is to determine the minimum-cost capacity addition plan (i.e., the type and number of candidate plants) that meets forecasted demand within a pre specified reliability criterion over a planning horizon. In this paper, Differential Evolution (DE), and Opposition-based Differential Evolution (ODE) algorithms have been applied to the GEP problem. The original GEP problem has been modified by incorporating Virtual Mapping Procedure (VMP). The GEP problem of a synthetic test systems for 6-year, 14-year and 24-year planning horizons having five types of candidate units have been considered. The results have been compared with Dynamic Programming (DP) method. The ODE performs well and converges faster than DE.

• Nuclear Engineering and Technology
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• 제53권4호
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• pp.1369-1377
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• 2021

Nowadays, it is necessary to accelerate the construction of new power plant in face of rising energy demand in such a way that the electricity will be generated at the lowest cost while reducing emissions caused by that generation. The expansion planning is one of the most important issues in electricity management. Nuclear energy comes forward with the low-carbon technology and increasing competitiveness to expand the share of generated energy by introducing Gen IV reactors. In this paper, the generation expansion planning of these new Gen reactors is investigated using the WASP software. Iran power grid is selected as a case of study. We present a comparison of the twenty-one year perspective on the future with the development of (1) traditional thermal power plants and Gen II reactors, (2) Gen III + reactors with traditional thermal power plants, (3) Gen IV reactors and traditional thermal power plants, (4) Gen III + reactors and the new generation of the thermal power plant, (5) the new generation of thermal power plants and the Gen IV reactors. The results show that the Gen IV reactors have the most developing among other types of power plants leading to reduce the operating costs and emissions. The obtained results show that the use of new Gen of combined cycle power plant and Gen IV reactors make the emissions and cost to be reduced to 16% and 72% of Gen II NPPs and traditional thermal power plants, respectively.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 제36회 하계학술대회 논문집 A
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• pp.760-762
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• 2005

The introduction of competition in the electricity market requires a new paradigm in the capacity planning. This paper presents a methodology on a generation expansion planning incorporating the transmission expansion planning in the government view point. The proposed idea is exercised on a case study.

• 대한전기학회논문지:전력기술부문A
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• 제50권4호
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• pp.180-187
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• 2001

This paper proposes an efficient evolutionary programming algorithm for solving a generation expansion planning(GEP) problem known as a highly-nonlinear dynamic problem. Evolutionary programming(EP) is an optimization algorithm based on the simulated evolution (mutation, competition and selection). In this paper, new algorithm is presented to enhance the efficiency of the EP algorithm for solving the GEP problem. By a domain mapping procedure, yearly cumulative capacity vectors are transformed into one dummy vector, whose change can yield a kind of trend in the cost value. To validate the proposed approach, this algorithm is tested on two cases of expansion planning problems. Simulation results show that the proposed algorithm can provide successful results within a resonable computational time compared with conventional EP and dynamic programming.

• 전기학회논문지
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• 제58권5호
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• pp.918-922
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• 2009

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 cannot use cost minimizing objective function in the power markets with many market participants. This paper proposed the power expansion planning process in the power markets. This system is composed of Regulator and GENCO's model. Regulator model used multi-criteria decision making rule. GENCO model is very complex problem. Thus, this system transacted the part by several scenario assuming GENCO model.

• 대한전기학회:학술대회논문집
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• 대한전기학회 1992년도 하계학술대회 논문집 A
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• pp.106-109
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• 1992

This paper Introduces the concept of the generation cost of generating utilities and its calculation methods. Also, the economic evaluation method using generation cost which is called as a screening curve method will be presented along with the benefits and disadvantages of this concept. Next, the least-cost electric utility planning techniques which is used very widely in many countries will be Introduced In comparison with screening curve method. In this aspects, the optimal dynamic mix can be determined as a result. By comparing these two concepts, we will get the concrete concept why the economic evaluation method using generation cost can not be used for the future generation expansion planning.