Journal
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
Volume 90, Issue -, Pages -Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.omega.2018.10.016
Keywords
Stochastic optimization; Renewable energy generation; Energy savings; Climate change
Funding
- National Science Foundation [CMMI-1634975]
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Photovoltaic (PV) panels directly convert sunlight into electricity; but, sunlight also heats the panels, negatively impacting their efficiency. Green roofs are vegetative layers grown on rooftops, mainly to provide added insulation on the roof to save energy. Green roofs also cool near-surface air temperature. Hence, the joint installation of PV panels and green roofs may potentially lead to higher efficiency of PV panels in certain climates. We develop a two-stage stochastic programming model to optimally place PV panels and green roofs under climate change uncertainty to maximize the overall profit from energy generated and saved. We calibrate the model using the literature, industry reports, and the data from different, at times conflicting, climate projections. We then conduct a case study for a mid-size city in the U.S., perform extensive sensitivity and robustness analyses and provide insights. (C) 2018 Elsevier Ltd. All rights reserved.
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