3 papers
math.OC2025
Discounting Approaches in Multi-Year Investment Modelling for Energy Systems
Ni Wang, Diego A. Tejada-Arango
This paper reviews discounting approaches for modeling multi-year energy investments, focusing on total versus annualised cost formulations. We discuss how time value of money is h…
math.OC2023
Tulipa Energy Model: Mathematical Formulation
Diego A. Tejada-Arango, Germán Morales-España, Lauren Clisby +5
Tulipa Energy Model aims to optimise the investment and operation of the electricity market, considering its coupling with other sectors, such as hydrogen and heat, that can also b…
math.OC2023
Multi-year Investment Modelling in Energy Systems
Diego A. Tejada-Arango
This paper summarises the main multi-year investment modelling approaches in energy planning models. Therefore, here we will go from a simple (basic) formulation to a more complex…