What is Performance Deterioration

Energy systems degrade during long-term operation. Thus, performance profile of the system deteriorates over time. To optimize energy system parameters more reliably and accurately, it is necessary to consider degradation models of the system in the optimization procedure. In this chapter, a novel degradation-based optimization framework is proposed. This framework optimizes design and operation parameters of energy systems while accounting for the degradation effects on system performance. Therefore, this framework is beneficial for long-term analysis and optimization of energy systems. Validity and usefulness of the proposed methodology are demonstrated by optimizing the operating conditions and maintenance intervals of a gas turbine power plant, under different seasonal ambient conditions and energy prices. The case study results effectively meet all the positive expectations that are placed on the proposed degradation-based optimization framework.