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Article: Asset value of generation investment under deregulated environment

TitleAsset value of generation investment under deregulated environment
Authors
KeywordsAnalytic solution
Asset value of generation investment
Power market
Stochastic differential equation
Issue Date2008
PublisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cn
Citation
Zhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2008, v. 28 n. 19, p. 118-124 How to Cite?
AbstractThe asset value of generation investment was studied. The generation investment evaluation model was built, and a stochastic differential electricity price model was also proposed in this work. Some characteristics, such as the multi-periodic and volatility of price, force outage and life time of generator were considered in the model. Based on the theory of stochastic differential equation, the physical property of price model was proved. The analytic solution of the presented model was deduced according to the method called valuing by expected utility, and the sensitivities of parameters were also analyzed. Numerical simulation results validate the proposed model and analytic solution.
Persistent Identifierhttp://hdl.handle.net/10722/58815
ISSN
2015 SCImago Journal Rankings: 0.881
References

 

DC FieldValueLanguage
dc.contributor.authorHou, YHen_HK
dc.contributor.authorWu, FFen_HK
dc.contributor.authorHe, Yen_HK
dc.contributor.authorSun, Yen_HK
dc.date.accessioned2010-05-31T03:37:23Z-
dc.date.available2010-05-31T03:37:23Z-
dc.date.issued2008en_HK
dc.identifier.citationZhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2008, v. 28 n. 19, p. 118-124en_HK
dc.identifier.issn0258-8013en_HK
dc.identifier.urihttp://hdl.handle.net/10722/58815-
dc.description.abstractThe asset value of generation investment was studied. The generation investment evaluation model was built, and a stochastic differential electricity price model was also proposed in this work. Some characteristics, such as the multi-periodic and volatility of price, force outage and life time of generator were considered in the model. Based on the theory of stochastic differential equation, the physical property of price model was proved. The analytic solution of the presented model was deduced according to the method called valuing by expected utility, and the sensitivities of parameters were also analyzed. Numerical simulation results validate the proposed model and analytic solution.en_HK
dc.languageengen_HK
dc.publisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cnen_HK
dc.relation.ispartofZhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineeringen_HK
dc.subjectAnalytic solutionen_HK
dc.subjectAsset value of generation investmenten_HK
dc.subjectPower marketen_HK
dc.subjectStochastic differential equationen_HK
dc.titleAsset value of generation investment under deregulated environmenten_HK
dc.typeArticleen_HK
dc.identifier.emailHou, YH: yhhou@hku.hken_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityHou, YH=rp00069en_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-47549104986en_HK
dc.identifier.hkuros149413en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-47549104986&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume28en_HK
dc.identifier.issue19en_HK
dc.identifier.spage118en_HK
dc.identifier.epage124en_HK
dc.publisher.placeChinaen_HK
dc.identifier.scopusauthoridHou, YH=7402198555en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK
dc.identifier.scopusauthoridHe, Y=55498966800en_HK
dc.identifier.scopusauthoridSun, Y=7408368031en_HK

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