2. Objective Function

For detailed information about the variables, go to Model Description.

Investment costs in (2.1).

(2.1)\[ c_{inv} = \sum_j (Cap_j - x_{{th}_{cap,j}}) * IK_j *\alpha_j + \sum_{hs}(Cap_{hs} - cap_{hs}) * IK_{hs} *\alpha_{hs} \]

Fixed op price costs in (2.2).

(2.2)\[ c_{op_{fix}} = \sum_j Cap_j * OP_{{fix}_j} + \sum_{hs} Cap_{hs} * OP_{{fix}_{hs}} \]

Variable op costs in (2.3).

(2.3)\[ c_{op_{var}} = \sum_{j,t} x_{{th}_j,t} * OP_{{var}_j} \]

Variable costs in (2.4).

(2.4)\[ c_{var} = \sum_{j,t} x_{{th}_j,t} * mc_{j,t} \]
(2.5)\[ c_{ramp} = \sum_{j,t} ramp_{{j}_{waste}} * c_{{ramp}_{waste}} + \sum_{j,t} ramp_{{j}_{chp,t}} * ramp_{chp} \]

\( c_{cold} \) in (2.6) counts up the coldstarts and multiplies it with the coldstart costs.

(2.6)\[ c_{cold} = \sum_{j,t} coldstart_{jt} * c_{coldstart_{j}} \]

Sum of all costs is calculated in (2.7).

(2.7)\[ c_{tot} = c_{inv} + c_{var} + c_{op_{fix}} + c_{op_{var}} + c_{cold} + c_{ramp} \]
(2.8)\[ rev_{gen_{electricity}} = \sum_{j,t} x_{el_{jt}} * sale_{electricityprice_{j,t}} \]

(2.9)shows all costs which are subtracted by the electricity generation.

(2.9)\[ rule = c_{tot} - rev_{gen_{electricity}} \]