|
EE 458 Course Objectives M, W, F 10:00-10:50, 1242 Howe Dr. Jim McCalley |
2005-2007 Catalog listing:
E E 458.
Economic Systems for Electric Power Planning. (Cross-listed with Econ). (3-0) Cr. 3.
Prereq: 303 or Econ 301. Evolution
of electric power industry. Power system operation and
planning and related information systems. Integer optimization methods. Control technologies
and associated planning methods. Short-term electricity markets and locational
marginal prices.
Risk
management and financial derivatives. Basics of public good economics. Cost recovery
models including tax treatment for transmission
investments. Nonmajor graduate credit.
Supervisor: Jim McCalley
Course Objectives:
Objective 1: Articulate the basic principle of the simplex method for solving linear
programs.
Objective 2: Formulate and solve a linear program using Matlab,
Excel, or CPLEX.
Objective 3: Articulate basic principles of branch & bound algorithm for solving
integer programs.
Objective 4: Formulate and solve an integer program using Matlab,
Excel, or CPLEX.
Objective 5: Identify the main design attributes of an electricity market system.
Objective 6: Set up and solve for the competitive equilibrium of a 2 or 3 agent
electricity market.
Objective 7: Set up and solve for the social optimum and locational
marginal prices of a network
with agents having elastic supply and demand functions,
using linear programming.
Objective 8: Identify how security constrained optimal
power flow problem and the unit commitment
problem are used in electricity
markets.
Objective 9: Identify the main components of the transmission planning process.
Objective 10: Identify relationship between transmission planning process &
electricity markets.