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Real Options Valuation and Optimal Operation of Electrical by Matt Thompson, Matt Davison, Henning Rasmussen

By Matt Thompson, Matt Davison, Henning Rasmussen

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Figure 14:Simulated time-series results with an initial boiler temp 20o , using a rolling 2 week planning horizon. , Tomasgard, Asgeir, & Wallace, Stein W. 2001. Power Generation Planning and Risk Management in a Liberalised Market. IEEE Porto Power Tech Conference, Sept 10th-13th. , & Strickland, C. 2000. Energy Derivatives: Pricing and Risk Management. Lacima Publications. , & Anderson, K. 2002. Development of a Hybrid Model for Electrical Power Spot Prices. IEEE Transactions on Power Systems, 17(2), 257–264.

Variable splitting applied to modelling of start-up costs in short term hydro generation scheduling. IEEE Transactions on Power Systems, 12(2), 770–775. , & Sjelvgren, D. 1998. Integer modelling of spinning reserve requirements in short term scheduling of hydro systems. IEEE Transactions on Power Systems, 13(13), 959–964. Oksendal, B. 1998. Stochastic Differential Equations An Introduction with Applications. 5 edn. New York: Springer. , & Coles, C. 1993. Optimal scheduling of a hydro-thermal power generation system.

Oksendal, B. 1998. Stochastic Differential Equations An Introduction with Applications. 5 edn. New York: Springer. , & Coles, C. 1993. Optimal scheduling of a hydro-thermal power generation system. European Journal of Operations Research, 71, 334–340. Olson, Reuben M. 1980. Essentials of Engineering Fluid Dynamics. Fourth edn. Harper Row, Publisers, New York. , & Waterer, H. 2000. Hydro-electric unit commitment subject to uncertain demand. European Journal of Operations Research, 125(2), 410–424.

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