IDEAS home Printed from https://ideas.repec.org/h/spr/oprchp/978-3-319-42902-1_93.html
   My bibliography  Save this book chapter

Risk-Adapted Capacity Determination of Flexibility Investments for Distributed Energy Resource Systems

In: Operations Research Proceedings 2015

Author

Listed:
  • Katrin Schulz

    (Ruhr University Bochum)

Abstract

Distributed energy resource (DER) systems, composed of different small to medium-sized renewable and conventional energy generators, allow to balance the volatile supply from renewable energies. Considering a DER system with power and district heat, small combined heat and power (CHP) plants and their flexible operation play a central role. Flexibility investments such as heat storage devices provide further flexibility for the DER system. In this contribution, the profitability of an investment in a heat storage device and its optimal capacity are examined. An innovative decision support approach for capacity determination of such flexibility investments is applied considering the investment’s benefit throughout its entire lifetime. System dependency as well as the decision maker’s risk attitude are taken into account. The developed two-stage stochastic programming model simultaneously optimizes the operation of the DER system and the investment’s capacity. In a simulation study, the calculated capacities are evaluated. An exemplary case study illustrates the advantages of the proposed approach.

Suggested Citation

  • Katrin Schulz, 2017. "Risk-Adapted Capacity Determination of Flexibility Investments for Distributed Energy Resource Systems," Operations Research Proceedings, in: Karl Franz Dörner & Ivana Ljubic & Georg Pflug & Gernot Tragler (ed.), Operations Research Proceedings 2015, pages 691-697, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-42902-1_93
    DOI: 10.1007/978-3-319-42902-1_93
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:oprchp:978-3-319-42902-1_93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.