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Article: Asset value of generation investment under deregulated environment
Title | Asset value of generation investment under deregulated environment |
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Authors | |
Keywords | Analytic solution Asset value of generation investment Power market Stochastic differential equation |
Issue Date | 2008 |
Publisher | Zhongguo 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? |
Abstract | The 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 Identifier | http://hdl.handle.net/10722/58815 |
ISSN | 2023 SCImago Journal Rankings: 1.045 |
References |
DC Field | Value | Language |
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dc.contributor.author | Hou, YH | en_HK |
dc.contributor.author | Wu, FF | en_HK |
dc.contributor.author | He, Y | en_HK |
dc.contributor.author | Sun, Y | en_HK |
dc.date.accessioned | 2010-05-31T03:37:23Z | - |
dc.date.available | 2010-05-31T03:37:23Z | - |
dc.date.issued | 2008 | en_HK |
dc.identifier.citation | Zhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2008, v. 28 n. 19, p. 118-124 | en_HK |
dc.identifier.issn | 0258-8013 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/58815 | - |
dc.description.abstract | The 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.language | eng | en_HK |
dc.publisher | Zhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cn | en_HK |
dc.relation.ispartof | Zhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineering | en_HK |
dc.subject | Analytic solution | en_HK |
dc.subject | Asset value of generation investment | en_HK |
dc.subject | Power market | en_HK |
dc.subject | Stochastic differential equation | en_HK |
dc.title | Asset value of generation investment under deregulated environment | en_HK |
dc.type | Article | en_HK |
dc.identifier.email | Hou, YH: yhhou@hku.hk | en_HK |
dc.identifier.email | Wu, FF: ffwu@eee.hku.hk | en_HK |
dc.identifier.authority | Hou, YH=rp00069 | en_HK |
dc.identifier.authority | Wu, FF=rp00194 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.scopus | eid_2-s2.0-47549104986 | en_HK |
dc.identifier.hkuros | 149413 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-47549104986&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 28 | en_HK |
dc.identifier.issue | 19 | en_HK |
dc.identifier.spage | 118 | en_HK |
dc.identifier.epage | 124 | en_HK |
dc.publisher.place | China | en_HK |
dc.identifier.scopusauthorid | Hou, YH=7402198555 | en_HK |
dc.identifier.scopusauthorid | Wu, FF=7403465107 | en_HK |
dc.identifier.scopusauthorid | He, Y=55498966800 | en_HK |
dc.identifier.scopusauthorid | Sun, Y=7408368031 | en_HK |
dc.identifier.issnl | 0258-8013 | - |