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A novel optimal operation scheme for a cogeneration system that is promoted from an emergency standby system combined with absorption chiller is introduced. The fuel cost, Time-of-use (TOU) tariff and various operational constrains are taken into account when evaluating the electricity cost and peak demand reductions. Based on a two-stage methodology and a modified mixed-integer programming technique,...
A novel optimal scheme for small cogeneration systems upgraded from standby generators is introduced. Economic evaluations of such upgraded projects play a major part in the decisions made by investors. Some of the benefits and costs of these projects are examined in this paper. The fuel cost, time-of-use rate structure and system constraints are taken into account in the evaluation. The results...
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