A multi-objective model for power generation expansion planning

Abstract

This paper describes and evaluates a multi-objective generation expansion model that includes aspects such as incorporation of four objectives to generate the expansion alternatives, importance given to renewable generation technologies while considering location of generation units. Using multi-criteria decision making theory, this model provides results which indicate the most recommendable amount of each type of generating technology to install at each location. A framework to solve and generate alternative solutions is provided. A case study is included to illustrate the use of the model.