Capacity expansion in transmission networks using portfolios of real options

被引：11
|
作者：
Loureiro, Manuel V. [1 ,3 ]
Claro, Joao [1 ]
Pereira, Paulo J. [2 ]
机构：
[1] Univ Porto, Fac Engn, INESC TEC, P-4200465 Oporto, Portugal
[2] Univ Porto, Fac Econ, CEF UP, P-4200464 Oporto, Portugal
[3] Carnegie Mellon Univ, Pittsburgh, PA 15213 USA
来源：
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS | 2015年 / 64卷
关键词：
Transmission network planning; Portfolios of real options; Capacity expansion; PROGRAMMING APPROACH; RISK; UNCERTAINTY;
D O I：
10.1016/j.ijepes.2014.07.047
中图分类号：
TM [电工技术]; TN [电子技术、通信技术];
学科分类号：
0808 ; 0809 ;
摘要：
We adopt in this paper a perspective of portfolios of real options, to propose a mixed integer linear programming model for multistage Transmission Network Expansion Planning. The model is then used to analyze three fundamental network building blocks - an independent design, a radial design, and a meshed design - seeking to develop network design insights, in particular regarding the joint value of postponement and other sources of operational flexibility. The results clearly point to the importance of explicitly incorporating uncertainty, adopting a multistage perspective, and addressing complex interactions between different sources of flexibility, in the design of transmission networks. (C) 2014 Elsevier Ltd. All rights reserved.
引用
下载
收藏
页码：439 / 446
页数：8
相关论文
共 50 条
  • [1] Capacity expansion in transmission networks using portfolios of real options
    Loureiro, Manuel V.
    Claro, João
    Pereira, Paulo J.
    International Journal of Electrical Power and Energy Systems, 2015, 64 : 439 - 446
  • [2] Overview of transmission expansion planning using Real Options Analysis
    Hedman, KW
    Gao, F
    Sheblé, GB
    37TH NORTH AMERICAN POWER SYMPOSIUM, PROCEEDINGS, 2005, : 497 - 502
  • [3] Real options valuation applied to transmission expansion planning
    Lumbreras, S.
    Bunn, D. W.
    Ramos, A.
    Chronopoulos, M.
    QUANTITATIVE FINANCE, 2016, 16 (02) : 231 - 246
  • [4] Real Options Analysis of Electricity Portfolios
    Csapi, Vivien
    PUBLIC FINANCE QUARTERLY-HUNGARY, 2014, 59 (04): : 529 - 545
  • [5] Transmission capacity between Norway and Germany: a real options analysis
    Fleten, Stein-Erik
    Heggedal, Ane Marte
    Siddiqui, Afzal
    JOURNAL OF ENERGY MARKETS, 2011, 4 (01) : 121 - 147
  • [6] What is the value of the option to defer an investment in Transmission Expansion Planning? An estimation using Real Options
    Henao, A.
    Sauma, E.
    Reyes, T.
    Gonzalez, A.
    ENERGY ECONOMICS, 2017, 65 : 194 - 207
  • [7] Selection of optimal portfolios of interdependent real options
    Rebiasz, Bogdan
    DECISION SCIENCE LETTERS, 2020, 9 (02) : 215 - 232
  • [8] Analysis of transmission investments using real options
    Ramanathan, Badri
    Varadan, Siri
    2006 IEEE/PES POWER SYSTEMS CONFERENCE AND EXPOSITION. VOLS 1-5, 2006, : 266 - +
  • [9] Sequential Capacity Expansion Options
    Bensoussan, Alain
    Chevalier-Roignant, Benoit
    OPERATIONS RESEARCH, 2019, 67 (01) : 33 - 57
  • [10] Optimal capacity expansion in the presence of capacity options
    Wu, DJ
    Kleindorfer, PR
    Sun, YJ
    DECISION SUPPORT SYSTEMS, 2005, 40 (3-4) : 553 - 561
12345