Multi-Cycle Production Development Planning for Sustainable Power Systems to Maximize the Use of Renewable Energy Sources

Multi-Cycle Production Renewable Energy Generation Evolution Planning Sustainable Power Energy Sources.

Authors

  • Wahab Musa
    wahabmusaUNG@outlook.com
    Electrical Engineering Department, Faculty of Engineering, Universitas Negeri Gorontalo (State University of Gorontalo), Gorontalo,, Indonesia
  • Vadim Ponkratov Centre of Financial Policy, Financial University under the Government of the Russian Federation, Moscow,, Russian Federation
  • Alan Karaev Centre of Financial Policy, Financial University under the Government of the Russian Federation, Moscow,, Russian Federation
  • Nikolay Kuznetsov Department of Strategic Forecasting and Planning, Financial University under the Government of the Russian Federation, Moscow,, Russian Federation
  • Larisa Vatutina Department of Public Administration and Law, Moscow Polytechnic University, Moscow,, Russian Federation
  • Maria Volkova Department of Industrial Logistics, Bauman Moscow State Technical University, Moscow,, Russian Federation
  • Olga Shalina Department of Financial, Accounting and Tax Technologies, Institute of Economics and Management, Ufa State Aviation Technical University, Ufa,, Russian Federation
  • Andrey Masterov Centre of Financial Policy, Financial University under the Government of the Russian Federation, Moscow,, Russian Federation

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This research focuses on the multi-cycle production development planning for sustainable power systems to maximize the usage of renewable energy sources. The intention of this study is to offer a comprehensive review of the research on the potential of multi-cycle production development planning for the development of sustainable power systems. In pursuit of this objective, the study has incorporated a qualitative research approach to analyze the volume of data available on the research topic to delineate how multi-cycle production development planning can be used for sustainable power systems and the maximization of the use of renewable energy sources. The study also highlights the major models that can be incorporated into the multi-cycle production development planning for sustainable power systems to maximize the use of renewable energy sources. The existing literature was extracted from databases, namely, Google Scholar, EBSCOHost, and Springer. The data comprised peer-reviewed journal articles, books, and credible online sources. Lastly, the practical and theoretical relevance of the study, along with limitations and recommendations for future practitioners, is provided in the conclusion.

 

Doi: 10.28991/CEJ-2022-08-11-018

Full Text: PDF