A method for aggregating external operating conditions in multi-generation system optimization models

The CHOP method is tested in a case study where the operation of a fictive Danish combined heat and power plant is optimized over a historical 5-year period. The optimization model is solved using the full external operating condition dataset, a reduced dataset obtained using the CHOP method, a monthly-averaged dataset, a yearly-averaged dataset, and a seasonal peak/off-peak averaged dataset. The economic result obtained using the CHOP-reduced dataset is significantly more accurate than that obtained using any of the other reduced datasets, while the calculation time is similar to those obtained using the monthly averaged and seasonal peak/off-peak averaged datasets. The outcomes of the study suggest that the CHOP method is advantageous compared to chronology-averaging methods in reducing external operating condition datasets to be used in the design optimization models of flexible multi-generation systems.