A stochastic dynamic model for optimal timing of investments in new generation capacity in restructured power systems

International Journal of Electrical Power and Energy Systems

Volumn 29, Issue 2, 2007, Pages 163-174

  Botterud, Audun ^a   Korpås, Magnus ^b  

^a ARGONNE NATIONAL LABORATORY   (United States)

^b SINTEF ENERGY RESEARCH   (Norway)

Author keywords

Capacity payments; Power generation investments; Power system restructuring; Real options; Stochastic dynamic optimisation

Indexed keywords

ELECTRIC LOADS; ELECTRIC POWER SYSTEMS; ELECTRIC UTILITIES; INDUSTRIAL ECONOMICS; INSTALLATION; INVESTMENTS; MATHEMATICAL MODELS; RANDOM PROCESSES;

CAPACITY PAYMENTS; POWER GENERATION INVESTMENTS; POWER SYSTEM RESTRUCTURING; STOCHASTIC DYNAMIC OPTIMIZATION;

ELECTRIC POWER GENERATION;

EID: 33751407473     PISSN: 01420615     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijepes.2006.06.006     Document Type: Article

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