Wiese, Frauke, Rasmus Bramstoft, Hardi Koduvere, Amalia Rosa Pizarro Alonso, Olexandr Balyk, Jon Gustav Kirkerud, Åsa Grytli Tveten, Torjus Folsland Bolkesjø, Marie Münster, and Hans V. Ravn. “Balmorel Open Source Energy System Model.” Energy Strategy Reviews 20 (2018): 26–34.
Deterministic, perfect foresight, global sensitivity analysis
Linear programming (with an option of mixed-integer programming)
H. Ravn et al.: Balmorel: A Model for Analyses of the Electricity and CHP Markets in the Baltic Sea Region (2001), http://www.eabalmorel.dk/files/download/Balmorel%20A%20Model%20for%20Analyses%20of%20the%20Electricity%20and%20CHP%20Markets%20in%20the%20Baltic%20Sea%20Region.pdf
Balmorel is a deterministic, partial equilibrium model for optimizing an energy system. The optimization maximizes the social welfare of the energy system. The model optimizes both investments and operational dispatch under physical and regulatory constraints.