Campus Units

Industrial and Manufacturing Systems Engineering, Mechanical Engineering, Electrical and Computer Engineering

Document Type

Conference Proceeding

Publication Version

Published Version

Publication Date

2019

Journal or Book Title

IISE Annual Conference and Expo 2019

Research Focus Area(s)

​Operations Research

Conference Title

IISE Annual Conference and Expo

Conference Date

May 18-21, 2019

City

Orlando, FL

Abstract

Engineered systems often operate in uncertain environments. Understanding different environments under which a system will operate is important in engineering design. Thus, there is a need to design systems with the capability to respond to future changes. This research explores designing a hybrid renewable energy system while taking into account long-range uncertainties of 20 years. The objective is to minimize the expected cost of the hybrid renewable energy system over the next 20 years. A design solution may be flexible, which means that the design can be adapted or modified to meet different scenarios in the future. The value of flexibility can be measured by comparing the expected cost without flexibility and expected cost with flexibility. The results show that a flexible design for hybrid renewable systems can decrease the expected cost by approximately 30%.

Comments

This proceeding is published as Giahi, Ramin, Cameron A. MacKenzie, and Chao Hu. "A multi-stage optimization model for flexibility in engineering design." IISE Annual Conference and Expo 2019. Proceedings of a meeting held May 18-21, 2019, Orlando, Florida, USA. Posted with permission.

Copyright Owner

Institute of Industrial and Systems Engineers

Language

en

File Format

application/pdf

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