Strategic Power Plant Investment Planning Under Fuel And Carbon Price Uncertainty
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Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty
Author | : Ansgar Geiger |
Publisher | : KIT Scientific Publishing |
Total Pages | : 338 |
Release | : 2014-08-20 |
Genre | : Mathematics |
ISBN | : 3866446330 |
Download Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty Book in PDF, Epub and Kindle
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.
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