Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications
Fuel cost accounts for 60%–70% of the production cost of a power plant, and the management of fuel cost has a direct influence on the power plant’s economic benefits. At present, the thermal power plants in China have attached great importance to the whole process of fuel cost management. Based on t...
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| Format: | Article |
| Language: | zho |
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State Grid Energy Research Institute
2022-06-01
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| Series: | Zhongguo dianli |
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| Online Access: | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202012042 |
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| author | Xiwen LIU Zhuoyin PENG Xinqiang HU Ze YE Huixue HE Rui CAI Wenbo WEI |
| author_facet | Xiwen LIU Zhuoyin PENG Xinqiang HU Ze YE Huixue HE Rui CAI Wenbo WEI |
| author_sort | Xiwen LIU |
| collection | DOAJ |
| description | Fuel cost accounts for 60%–70% of the production cost of a power plant, and the management of fuel cost has a direct influence on the power plant’s economic benefits. At present, the thermal power plants in China have attached great importance to the whole process of fuel cost management. Based on the relationship among fuel purchase cost, inventory cost and loss cost, an annual fuel cost minimization decision model is established for thermal power plants. The actual operation data of a power plant in 2019 was calculated for decision making. The results show the decision in fuel purchase timing and purchase volume reduced the total annual fuel cost, the annual fuel procurement cost, and the annual fuel inventory and loss cost by 1.18%, 1.14% and 1.43%. respectively. The proposed model provides a new method for scientific management of the fuel cost in thermal power plants. |
| format | Article |
| id | doaj-art-0b642ec04c4a42109b6ea800e9ca0533 |
| institution | DOAJ |
| issn | 1004-9649 |
| language | zho |
| publishDate | 2022-06-01 |
| publisher | State Grid Energy Research Institute |
| record_format | Article |
| series | Zhongguo dianli |
| spelling | doaj-art-0b642ec04c4a42109b6ea800e9ca05332025-08-20T02:56:52ZzhoState Grid Energy Research InstituteZhongguo dianli1004-96492022-06-0155620220710.11930/j.issn.1004-9649.202012042zgdl-55-06-liuxiwenAnnual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its ApplicationsXiwen LIU0Zhuoyin PENG1Xinqiang HU2Ze YE3Huixue HE4Rui CAI5Wenbo WEI6Guodian Hunan Baoqing Coal Power Co., Ltd., Shaoyang 422004, ChinaElectricity Price Research Center of Changsha University of Science and Technology, Changsha 410114, ChinaGuodian Hunan Baoqing Coal Power Co., Ltd., Shaoyang 422004, ChinaElectricity Price Research Center of Changsha University of Science and Technology, Changsha 410114, ChinaGuodian Hunan Baoqing Coal Power Co., Ltd., Shaoyang 422004, ChinaGuodian Hunan Baoqing Coal Power Co., Ltd., Shaoyang 422004, ChinaGuodian Hunan Baoqing Coal Power Co., Ltd., Shaoyang 422004, ChinaFuel cost accounts for 60%–70% of the production cost of a power plant, and the management of fuel cost has a direct influence on the power plant’s economic benefits. At present, the thermal power plants in China have attached great importance to the whole process of fuel cost management. Based on the relationship among fuel purchase cost, inventory cost and loss cost, an annual fuel cost minimization decision model is established for thermal power plants. The actual operation data of a power plant in 2019 was calculated for decision making. The results show the decision in fuel purchase timing and purchase volume reduced the total annual fuel cost, the annual fuel procurement cost, and the annual fuel inventory and loss cost by 1.18%, 1.14% and 1.43%. respectively. The proposed model provides a new method for scientific management of the fuel cost in thermal power plants.https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202012042thermal power plantannual fuel costpurchaseinventory and loss |
| spellingShingle | Xiwen LIU Zhuoyin PENG Xinqiang HU Ze YE Huixue HE Rui CAI Wenbo WEI Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications Zhongguo dianli thermal power plant annual fuel cost purchase inventory and loss |
| title | Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications |
| title_full | Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications |
| title_fullStr | Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications |
| title_full_unstemmed | Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications |
| title_short | Annual Fuel Cost Minimization Decision Model for Thermal Power Plant and Its Applications |
| title_sort | annual fuel cost minimization decision model for thermal power plant and its applications |
| topic | thermal power plant annual fuel cost purchase inventory and loss |
| url | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202012042 |
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