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Strategic power plant investment planning under fuel and carbon price uncertainty

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Format:
Book
Author/Creator:
Geiger, Ansgar
Language:
English
Physical Description:
1 online resource (XVIII, 306 p. p.)
Place of Publication:
KIT Scientific Publishing 2011
Language Note:
English
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.
ISBN:
1000021824

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