Development of an Optimisation Model for the Evaluation of Alternative Energy and Fuel Supply Chains

Abstract

Energy and fuel supply chains (SCs) and their optimisation not only in techno-economic terms but also accounting for environmental and social implications imbedded in each supply chain option render a very interesting research topic, especially in areas with limited energy resources and areas where strict air quality limitations apply. Considering that the aim of this chapter is to present a developed methodology and the assorted modelling tool for the optimisation of alternative SCs considering sustainability dimensions in the design and operation on top of technical limitations. To evidence that a small-scale power planning problem will be assessed, that is, an isolated consumer, Milos island in Greece, for a specific timeframe, proofing the implementation possibilities and flexibility of the model to change over different optimisation targets and limitations applicable in each specific energy decision strategy.