1.0 Introduction
1.1 Background of the Study
Future development and present operation of electric power system along with other large system must pursue a number of different goals. Above all, the power system should be economically efficient, if it should provide reliable energy supply and should not have any detrimental impact on the environment. In addition to these global goals there is a number of supplementary goals, objectives and criteria. At the same time, operation and development of the system network is influenced by a variety of uncertain and random factors.
As a result, the development strategy can be chosen from a large number of possible alternatives. Obviously, among a set of possible alternatives the developer attempts to find the best, or in accordance with accepted term, the optimal alternative. Thus, the complexity of the problem related to power systems planning is mainly caused by presence of multiple objectives, uncertain information and large number of variables.
In this research work, effort is devoted to consideration of the methods for development management of electric power network.
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