Open AccessEconomic Analysis of a Pumped Storage Project for Iran Generating System Based on a Dynamic Modeling
Author(s) -
A.R. Sohrabi
Publication year - 2021
Publication title -
international journal of geology
Language(s) - English
Resource type - Journals
ISSN - 1998-4499
DOI - 10.46300/9105.2021.15.4
Subject(s) - steam turbine , combined cycle , gas turbines , turbine , computer science , system dynamics , reliability engineering , process engineering , operations research , environmental science , engineering , mechanical engineering , artificial intelligence
This paper proposes a dynamic model for evaluation of a Pumped Storage Project (PSP) . The optimal expansion policy is determined by considering different alternatives (Types of units: Rodbar PSP(RPSP), Steam Turbine , 2 types of Gas Turbine and a Combined Cycle) . Based on this model dynamic assessment of different alternatives (over a 20 years period and with a target Loss Of Load Probability (LOLP)) provides economic justification for RPSP.