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Stochastic MIP Modeling of a Natural Gas-Powered Industrial Park

Sammendrag

We present an investment-decision tool for a natural-gas powered industrial park. The model maximizes the net present value in the industrial park by determining what type of plants to include in the park and what connections to build between them. A stochastic mixed-integer programming model was employed to handle uncertainty of future prices and costs of raw materials and finished products. The model is motivated by the Norwegian government's ambition to increase national consumption of natural gas, in particular for industrial use. A small case study was also included, focusing on model sizes and solution times.

Kategori

Vitenskapelig artikkel

Språk

Engelsk

Institusjon(er)

  • Norges teknisk-naturvitenskapelige universitet
  • SINTEF Industri / Bærekraftig energiteknologi

År

2012

Publisert i

Energy Procedia

ISSN

1876-6102

Forlag

Elsevier

Årgang

26

Side(r)

74 - 81

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