2 papers
math.OC2025
Vintage-Based Formulations in Multi-Year Investment Modelling for Energy Systems
Ni Wang, Germán Morales-España
This paper reviews two established formulations for modelling multi-year energy investments: the simple method, which aggregates all capacity regardless of commissioning year, and…
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…