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Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/3ED65569-7D30-46D3-AF8E-77217F099839 | ||
| Year | 2010 | ||
| Type of Item | Peer-Reviewed Journal Publication | ||
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| Bibliographic Citation | M. Galetakis and C. Roumpos, "The effect of quality and reserves uncertainty to production scheduling of a lignite mine feeding a power plant", Procedia Soc. Behav. Sci., vol. 2, no. 6, pp. 7654-7655, 2010. doi:10.1016/j.sbspro.2010.05.163 https://doi.org/10.1016/j.sbspro.2010.05.163 | ||
| Appears in Collections |
The effect of uncertainty sources to the stochastic optimization of the combined project of a new surface lignite mine exploitation and power plant operation for electricity generation is investigated. Major sources of uncertainty that were considered are the reserves and the quality of the lignite. Since probability distribution functions for these uncertainties were estimated during the detailed exploration phase of the deposit, the overall goal is then to determine the optimal capacity of the power plant and consequently the optimal production rate of the mine over the time. The optimization objective that was selected is the maximization of the expected net present value of the project. Emphasis is placed on the mathematical analysis applied for the investigation of the effect of the two main parameters in project optimization.
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