An efficient algorithm for bi-objective combined heat and power production planning under the emission trading scheme

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Journal Title
Journal ISSN
Volume Title
School of Engineering | A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Date
2014
Major/Subject
Mcode
Degree programme
Language
en
Pages
9
Series
Energy Conversion and Management, 88
Abstract
The growing environmental awareness and the apparent conflicts between economic and environmental objectives turn energy planning problems naturally into multi-objective optimization problems. In the current study, mixed fuel combustion is considered as an option to achieve tradeoff between economic objective (associated with fuel cost) and emission objective (measured in CO2 emission cost according to fuels and emission allowance price) because a fuel with higher emissions is usually cheaper than one with lower emissions. Combined heat and power (CHP) production is an important high-efficiency technology to promote under the emission trading scheme. In CHP production, the production planning of both commodities must be done in coordination. A long-term planning problem decomposes into thousands of hourly subproblems. In this paper, a bi-objective multi-period linear programming CHP planning model is presented first. Then, an efficient specialized merging algorithm for constructing the exact Pareto frontier (PF) of the problem is presented. The algorithm is theoretically and empirically compared against a modified dichotomic search algorithm. The efficiency and effectiveness of the algorithm is justified.
Description
Keywords
Combined heat and power production, Multi-objective linear programming, Energy optimization, Energy efficiency, Environmental/economic dispatch.
Other note
Citation
Rong, Aiying & Figueira, José Rui & Lahdelma, Risto. 2014. An efficient algorithm for bi-objective combined heat and power production planning under the emission trading scheme. Energy Conversion and Management. P. 9. 10.1016/j.enconman.2014.08.049.