Abstract
Investment in the facility for harnessing a stream of water is usually characterized by long payback period. Hence investment choice not only needs to be optimal, but it also needs to be robust enough to cope with uncertainties which occur during payback period. In this research, a family of flow duration curves is created to model stochastic nature of water availability. The risk-constrained approach for assessment of investments in cascaded hydropower plants is proposed in a form of a mixed-integer linear programming. Proposed approach will manage a risk of large financial losses induced by these uncertainties. The project of run-ofriver power plants on the Sava river stretch (Croatia) from border with Slovenia to the city of Sisak is analyzed.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.