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Simulation for Benefit-cost Analysis of Smart Grid Hub Project
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 Title & Authors
Simulation for Benefit-cost Analysis of Smart Grid Hub Project
Hur, Wonchang; Shin, KwangSup; Moon, Yongma; Kim, Woo-Je; Hwang, Woohyun;
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This study undertakes a simulation analysis for evaluating the benefits and costs of smart grid hub project. The purpose of the study is to explore extensively the alternatives for infrastructure configurations and identify the best scenarios that can satisfy all the stakeholder needs. We consider 19 parameters for configurating a smart grid hub city, and take a strategy of exhaustive search to find configurations that meet the two criteria simultaneously: each stakeholder`s B/C ratio should be equally distributed and the B/C ratio of the entire city should be maximized. The results offer some meaningful implications for building a successful deployment strategy that can facilitate the diffusion of smart grid technologies.
Smart grid;Hub;Stakeholder analysis;Benefit-cost analysis;
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