Important managerial insights are drawn and discussed on the benefits of utilizing the multi-period approach.
The prior research regarding these factors is not exhaustive and demanded a multi-period approach.
The multi-period approach suggested in this paper considers operational flexibility associated with different designs.
To account for the seasonal variations of the demand, a multi-period approach is used for the simulation of the superstructure, its integration and the performance calculation.
Facilities based on both photovoltaic (PV) solar or concentrated solar power (CSP) technologies have been designed; their monthly operation, which is based on solar availability, is determined using a multi-period approach.
Since in a given location, the available biomass and solar energy depend on the season of the year, this work proposes an appropriate multi-period approach to satisfy the energy requirements by the process year-round.
The general strategy for a multi period layout planning problem is adaptive approach.
Because of the variability in natural gas supplies and demands over time, a multi-period optimization approach is adopted over a certain time horizon, which includes Monte Carlo simulations to assess the associated volatility.
The multi-period modeling approach is applied to accommodate discontinuous nature of part-load performance, with which techno-economic impacts of part-load operation is investigated in a holistic manner.
Different multi-period optimization approaches are known from literature, while we investigate an all-period network migration optimization using meta-heuristics.
Through numerical experiments using the case data, we investigate and quantify the effects of using environmental or financial savings as the main objective, the magnitude of benefit of using a multi-period planning approach instead of a single-period approach, and also feasibility of offering energy saving technologies as a service.
