Strategic Distribution Network Expansion

Abstract

The thesis discusses an optimization model for investment planning in the electrical distribution network, taking risks into account using an optimization approach. The model aims to reduce risks through the following steps: • Building an Optimization Model: Creating an accurate mathematical model to clearly represent the investment problem. • Calculating Costs: Figuring out the costs related to the objective function, like the costs for Conditional Value at Risk (CVaR). • Visualizing Results: Making clear visual charts that show the best solutions for the investment planning problems.