... of electrical power was produced. In this paper, a broader optimization problem is formulated and solved, for which the objective is to maximize the plant profit under different economic scenarios. It is shown that the optimal operating conditions depend on the economic parameters, and do not necessarily imply...

... performances and the investment profitability. It was found that both cool thermal storage technologies considered perform similarly in terms of gross extra production of energy. Despite this, the ice harvester shows higher parasitic load due to chillers consumptions. Warmer climates of the plant site resulted...

... cost based. However, in the deregulated electric power market, a profit-based optimization approach is expected to be more effective than the cost-based approach. In such an approach, power plant performance, reliability, and the market dynamics are considered in a joint fashion. In this paper, a novel...