Generation planning for inter-related generation units: a real options approach Export

@inproceedings{citeulike:911095, abstract = {The electric power industry is moving away from a regulated monopoly toward an uncertain, competitive environment. This change introduces significant financial risks in generation planning. It is thus highly desirable to quantitatively examine various options available to the generation planner in order to exploit the flexibilities existing in a competitive environment. In this paper, we examine various options such as capacity expansion and capacity reduction when generation units are inter-related. Based an the real options theory, we estimate the values of such options for decision support purposes. Numerous managerial insights and economic implications are also provided}, author = {Min, K. J. and Wang, Chung-Hsiao}, citeulike-article-id = {911095}, citeulike-linkout-0 = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=867343}, journal = {Power Engineering Society Summer Meeting, 2000. IEEE}, keywords = {engineering\_management, real\_options, technology\_management}, pages = {2261--2265 vol. 4}, posted-at = {2006-10-24 13:26:51}, priority = {2}, title = {Generation planning for inter-related generation units: a real options approach}, url = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=867343}, volume = {4}, year = {2000} }

TY - CONF ID - citeulike:911095 L3 - citeulike-article-id:911095 N2 - The electric power industry is moving away from a regulated monopoly toward an uncertain, competitive environment. This change introduces significant financial risks in generation planning. It is thus highly desirable to quantitatively examine various options available to the generation planner in order to exploit the flexibilities existing in a competitive environment. In this paper, we examine various options such as capacity expansion and capacity reduction when generation units are inter-related. Based an the real options theory, we estimate the values of such options for decision support purposes. Numerous managerial insights and economic implications are also provided JF - Power Engineering Society Summer Meeting, 2000. IEEE EP - 2265 vol. 4 TI - Generation planning for inter-related generation units: a real options approach VL - 4 SP - 2261 KW - engineering_management KW - real_options KW - technology_management AU - Min, KJ AU - Wang, Chung-Hsiao PY - 2000/// UR - http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=867343 ER -