Methods for Energy System Modeling

In this book techno-economic models are used to examine the cost-optimal future deployment of renewable power generation technologies as well as to gain methodological insights. This chapter introduces modeling concepts and methodologies required to construct these models, with main focus on economic models and methodologies. The first section covers general aspects and offers a brief introduction to decision theory, followed by an overview of equilibrium modeling approaches and their application to energy system modeling. The model class of mathematical programs and corresponding solution methods are then discussed in sections 3.3 and 3.4, respectively. Finally, section 3.5 is dedicated to uncertainty and stochastic modeling.

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