气候变化领域集成服务门户(CCPortal): Optimal operation of a hydropower plant in a stochastic environment

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DOI	10.1080/14697688.2024.2332384
	Optimal operation of a hydropower plant in a stochastic environment
	Figuerola-Ferretti, Isabel; Schwartz, Eduardo; Segarra, Ignacio
发表日期	2024
ISSN	1469-7688
EISSN	1469-7696
英文摘要	Given the currently changing climate conditions it is of primary importance to optimise the management of hydropower resources. This paper proposes a framework in a dynamic setting to determine the water outflow that maximises the value of a water resource for a given reservoir. The model includes two sources of uncertainty, the water inventory determined mainly by the water inflow and the electricity prices. It is implemented under the stochastic optimal control approach and calibrated using monthly data of reservoir characteristics from ResOpsUs. The results indicate that the inventory dynamics are specially important in valuing reservoir resources. The application of optimal management policies guarantees the long-term sustainability of the reservoir. The possible effects of climate change are considered in a sensitivity analysis to changes in the price and water inventory dynamics.
英文关键词	Water management; Climate change; Hydro power; Sustainable reservoir
语种	英语
WOS研究方向	Business & Economics ; Mathematics ; Mathematical Methods In Social Sciences
WOS类目	Business, Finance ; Economics ; Mathematics, Interdisciplinary Applications ; Social Sciences, Mathematical Methods
WOS记录号	WOS:001206636300001
来源期刊	QUANTITATIVE FINANCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/309738
作者单位	Comillas Pontifical University; Comillas Pontifical University; Simon Fraser University; Comillas Pontifical University
推荐引用方式 GB/T 7714	Figuerola-Ferretti, Isabel,Schwartz, Eduardo,Segarra, Ignacio. Optimal operation of a hydropower plant in a stochastic environment[J],2024.
APA	Figuerola-Ferretti, Isabel,Schwartz, Eduardo,&Segarra, Ignacio.(2024).Optimal operation of a hydropower plant in a stochastic environment.QUANTITATIVE FINANCE.
MLA	Figuerola-Ferretti, Isabel,et al."Optimal operation of a hydropower plant in a stochastic environment".QUANTITATIVE FINANCE (2024).