| Summary: | This paper presents a novel framework for economic cooling load dispatch in conventional water-cooled chillers. Moreover, information gap decision theory (IGDT) is applied to the optimal chiller loading (OCL) problem to find the optimum operating point of the test system in three decision-making modes: (a) risk-neutral approach, (b) risk-aversion or robustness approach, and (c) risk-taker or opportunistic approach. In the robustness mode of the IGDT-based OCL problem, the system operator enters a desired energy cost value in order to find the most appropriate loading points for the chillers so that the total electricity procurement cost over the study horizon is smaller than or equal to this critical value. Meanwhile, the cooling load increase is maximized to the highest possible level to find the most robust performance of the benchmark grid with respect to the overestimated load. Similarly, the risk-taker optimization method finds the on/off status and the partial load ratio (PLR) of the chillers in order to keep the total energy cost as low as the given cost function. In addition, the minimum value of cooling load decrease can be found while satisfying the refrigeration capacity of the chiller and the load-generation balance constraint. Thus, a mixed-integer non-linear programming problem is solved using the branch and reduce optimization (BARON) tool of the generalized algebraic mathematical modeling system (GAMS) for a five-chiller plant, to demonstrate that IGDT is able to find a good solution in robustness/risk-taker OCL problem.
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