IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), Bangkok, Thailand, 10 - 13 December 2013, pp.101-105
Conference Paper / Full Text
Generation Expansion Planning, Multi-objective optimization, Pareto optimality, Pareto Uncertainty Index (PUI), PROGRAMMING-PROBLEMS
For multi-objective optimization problems, a common solution methodology is to determine a Pareto optimal set. However, the Pareto optimal set only pertains to deterministic results. Our research aims to introduce Pareto Uncertainty Index which reflects the stochastic nature of the problem in the results. The proposed method is applied to a simplified Generation Expansion Planning problem to test the Pareto Uncertainty Index idea.