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@ARTICLE{Singh:904031,
author = {Singh, Bismark and Rehberg, Oliver and Groß, Theresa and
Hoffmann, Maximilian and Kotzur, Leander and Stolten,
Detlef},
title = {{B}udget-cut: introduction to a budget based cutting-plane
algorithm for capacity expansion models},
journal = {Optimization letters},
volume = {16},
issn = {1862-4472},
address = {Heidelberg},
publisher = {Springer},
reportid = {FZJ-2021-05601},
pages = {1373–1391},
year = {2022},
abstract = {We 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.},
cin = {IEK-3},
ddc = {510},
cid = {I:(DE-Juel1)IEK-3-20101013},
pnm = {1111 - Effective System Transformation Pathways (POF4-111)
/ 1112 - Societally Feasible Transformation Pathways
(POF4-111)},
pid = {G:(DE-HGF)POF4-1111 / G:(DE-HGF)POF4-1112},
typ = {PUB:(DE-HGF)16},
UT = {WOS:000723078200001},
doi = {10.1007/s11590-021-01826-w},
url = {https://juser.fz-juelich.de/record/904031},
}