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000904031 1001_ $$00000-0002-6943-657X$$aSingh, Bismark$$b0$$eCorresponding author
000904031 245__ $$aBudget-cut: introduction to a budget based cutting-plane algorithm for capacity expansion models
000904031 260__ $$aHeidelberg$$bSpringer$$c2022
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000904031 520__ $$aWe present an algorithm to solve capacity extension problems that frequently occur in energy system optimization models. Such models describe a system where certain components can be installed to reduce future costs and achieve carbon reduction goals; however, the choice of these components requires the solution of a computationally expensive combinatorial problem. In our proposed algorithm, we solve a sequence of linear programs that serve to tighten a budget—the maximum amount we are willing to spend towards reducing overall costs. Our proposal finds application in the general setting where optional investment decisions provide an enhanced portfolio over the original setting that maintains feasibility. We present computational results on two model classes, and demonstrate computational savings up to 96% on certain instances.
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000904031 7001_ $$0P:(DE-HGF)0$$aRehberg, Oliver$$b1
000904031 7001_ $$0P:(DE-Juel1)177026$$aGroß, Theresa$$b2$$ufzj
000904031 7001_ $$0P:(DE-Juel1)176842$$aHoffmann, Maximilian$$b3$$ufzj
000904031 7001_ $$0P:(DE-Juel1)168451$$aKotzur, Leander$$b4$$ufzj
000904031 7001_ $$0P:(DE-Juel1)129928$$aStolten, Detlef$$b5$$ufzj
000904031 773__ $$0PERI:(DE-600)2374345-1$$a10.1007/s11590-021-01826-w$$p1373–1391$$tOptimization letters$$v16$$x1862-4472$$y2022
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