A novel programme for the extension of power transimission
Abstract：Taking the flexibility of investment in distributed generation into consideration,this paper proposes a novel programme for the extension of power transimission and estimates the optaion of irreversible investment in power transmission.Compared with the traditional stochastic optimization method,the proposition is proved to be more economically valuable in different stages of large-scaled irreversible investment projects because of the flexibility of the real options.
Keywords：transmission expansion investmentdistributed generationreal optionsirreversibilityuncertainty
Publication Date：2011-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：7( 25-31 )