Proceedings of the 32nd Annual Hawaii International Conference on Systems Sciences. 1999. HICSS-32. Abstracts and CD-ROM of Ful
DOI: 10.1109/hicss.1999.772863
|View full text |Cite
|
Sign up to set email alerts
|

Short-term generation asset valuation

Abstract: In this paper we present a method for valuing a power plant o ver a short-term period using Monte Carlo simulation. The power plant v aluation problem is formulated as a multi-stage stochastic problem. We assume there are hourly markets for both electricity and the fuel used by the generator, and their prices follow some Ito processes. At each hour, the power plant operator must decide to run or not to run the unit so as to maximize expected pro t. A certain lead time for commitment decision is necessary to st… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

0
0
0

Publication Types

Select...
4
1

Relationship

0
5

Authors

Journals

citations
Cited by 12 publications
references
References 6 publications
0
0
0
Order By: Relevance