Yayınlanmış 1 Ocak 2019
| Sürüm v1
Dergi makalesi
Açık
Risk averse investment strategies for a private electricity generating company in a carbon constrained environment
Oluşturanlar
- 1. Bahcesehir Univ, Dept Ind Engn, Istanbul, Turkey
- 2. MEF Univ, Dept Ind Engn, Istanbul, Turkey
Açıklama
We study a private electricity generating company that plans to enter a partially regulated market that operates under an active cap and trade system. There are different types of thermal and renewable power plants that the company considers to invest in over a predetermined planning horizon. Thermal power plants may include a carbon capture and storage technology in order to comply with the carbon limitations. We develop a time-consistent multi-stage stochastic optimization model for this investment problem, where the objective is to minimize the conditional value at risk (CV@R) of the net present value of the profit obtained through the planning horizon. We implement the model for a hypothetical generating company located in Turkey. The results show that the developed model is appropriate for determining risk averse investment strategies for a company that operates under carbon restricted market conditions.
Dosyalar
bib-3fa766a4-0468-48f8-8608-933ce0a3888e.txt
Dosyalar
(227 Bytes)
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