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
Format: eBook
Language:English
Published: KIT Scientific Publishing 2011
Subjects:
Online Access:
Collection: Directory of Open Access Books - Collection details see MPG.ReNa
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245 0 0 |a Strategic power plant investment planning under fuel and carbon price uncertainty  |h Elektronische Ressource 
260 |b KIT Scientific Publishing  |c 2011 
300 |a 1 electronic resource (XVIII, 306 p. p.) 
653 |a Approximate Dynamic Programming 
653 |a Power Plant Investment Planning 
653 |a Fundamental Electricity Market Models 
653 |a Dynamic Programming 
653 |a Real Options 
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520 |a 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.