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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},
}