Strategic power plant investment planning under fuel and carbon price uncertainty

The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of interpolation-bas...

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Bibliographic Details
Main Author: Geiger, Ansgar (auth)
Format: Electronic Book Chapter
Language:English
Published: KIT Scientific Publishing 2011
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Summary:The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of interpolation-based stochastic dynamic programming and approximate dynamic programming allows us to consider a greater variety of stochastic fuel and carbon price scenarios compared to other approaches.
Physical Description:1 electronic resource (XVIII, 306 p. p.)
ISBN:KSP/1000021824
9783866446335
Access:Open Access