Optimal selection of distributed energy resources under uncertainty and risk aversion

• Main Authors: MAUROVICH-HORVAT, Lajos, DE REYCK, Bert, ROCHA, Paula
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Business Administration, Management, and Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6763; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7741/viewcontent/CHPInv_6Jul2016.pdf
• Institution: Singapore Management University

The adoption of small-scale electricity generation has been hindered by uncertain electricity and gas prices. In order to overcome this barrier to investment, we develop a mean-risk optimization model for the long-term risk management problem of an energy consumer using stochastic programming. The c...