Optimal multi-scale capacity planning for power-intensive continuous processes under time-sensitive electricity prices and demand uncertainty. Part I: Modeling

@article{Mitra2014OptimalMC,
  title={Optimal multi-scale capacity planning for power-intensive continuous processes under time-sensitive electricity prices and demand uncertainty. Part I: Modeling},
  author={Sumit Mitra and Jos{\'e} M. Pinto and Ignacio E. Grossmann},
  journal={Computers & Chemical Engineering},
  year={2014},
  volume={65},
  pages={89-101}
}
With the advent of deregulation in electricity markets and an increasing share of intermittent power generation sources, time-sensitive electricity prices (as part of so-called demand-side management in the smart grid) offer potential economical incentives for large industrial customers. These incentives have to be analyzed from two perspectives. First, on an operational level, aligning the production planning with the electricity price signal might be advantageous, if the plant has enough… CONTINUE READING

References

Publications referenced by this paper.
Showing 1-10 of 37 references

GAMS: A Users Guide, Release 23.9

A. Brooke, D. Kendrick, A. Meeraus
2012
View 2 Excerpts
Highly Influenced

Design and Optimization of Flexible Utility Systems Subject to Variable Conditions Part 1: Modeling Framework

O. Aguilar, S. J. Perry, J.-K. Kim, R. Smith
Chemical Engineering Research and Design, • 2007
View 5 Excerpts
Highly Influenced

Design and Optimization of Flexible Utility Systems Subject to Variable Conditions Part 2: Methodology and Applications

O. Aguilar, S. J. Perry, J.-K. Kim, R. Smith
Chemical Engineering Research and Design, • 2007
View 7 Excerpts
Highly Influenced

Synthesis and Operational Planning of Utility Systems for Multiperiod Operation

R. Iyer, I. E. Grossmann
Computers & Chemical Engineering, • 1998
View 4 Excerpts
Highly Influenced

Similar Papers

Loading similar papers…