Strategic Generation Investment Under Uncertainty Via Benders Decomposition

  title={Strategic Generation Investment Under Uncertainty Via Benders Decomposition},
  author={S. Jalal Kazempour and A. J. Conejo},
  journal={IEEE Transactions on Power Systems},
We address the generation investment problem faced by a strategic power producer and consider a detailed description of the uncertain parameters involved, namely, rival producer investment and market offering, and demand growth. To identify optimal investment decisions, we consider a target year and propose a bilevel model whose upper-level problem determines investment and offering decisions to maximize expected profit, and whose many lower-level problems represent market clearing conditions… CONTINUE READING
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