Investment in new power generation under uncertainty: Benefits of CHP vs. condensing plants in a copula-based analysis

Energy Economics

Volumn 34, Issue 1, 2012, Pages 31-44

  Westner, Günther ^a   Madlener, Reinhard ^b  

^a EON Kernkraft GmbH   (Germany)

^b RWTH AACHEN UNIVERSITY   (Germany)

Author keywords

Combined heat and power; Copula function; Investment under uncertainty; Real options

Indexed keywords

A PLANTS; ASSESSMENT CRITERIA; CHP PLANT; CHP TECHNOLOGY; COMBINED CYCLE; COMBINED HEAT AND POWER; CONDENSING POWER PLANT; COPULA FUNCTIONS; DECISION-MAKING PROBLEM; FOSSIL POWER PLANTS; GENERATION TECHNOLOGIES; HEAT UTILIZATION; INPUT PARAMETER; INVESTMENT DECISIONS; INVESTMENT UNDER UNCERTAINTY; IRREVERSIBLE INVESTMENTS; LOCAL HEAT; OPTIMAL TIMING; OPTION VALUE; REAL OPTIONS; REAL OPTIONS APPROACH; RISK EXPOSURE; SELECTION PROCESS; SIGNIFICANT IMPACTS;

CARBON DIOXIDE; ECONOMICS; FOSSIL FUEL POWER PLANTS; RISK MANAGEMENT; STEAM TURBINES; STOCHASTIC MODELS; TURBINES;

INVESTMENTS;

ASSESSMENT METHOD; COMBINED HEAT AND POWER; DECISION MAKING; DEMAND ANALYSIS; FOSSIL FUEL; INVESTMENT; NUMERICAL MODEL; POWER GENERATION; STOCHASTICITY; TURBINE;

CHANDIPURA VIRUS;

EID: 84856049508     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2011.02.014     Document Type: Article

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