By Morgan Bazilian, Fabien Roques
This is often an excellent quantity for pros in academia, and govt attracted to the swiftly evolving sector on the nexus among power and weather swap coverage. The state of the art overseas contributions enable for a large insurance of the subject. strength range and protection specializes in the dignity of monetary possibility within the power zone. It describes how instruments borrowed from monetary financial conception, specifically mean-variance portfolio thought, offers insights at the expenditures and advantages of variety, and therefore tell funding choice making in stipulations of uncertainty. It supplies the reader an in-depth figuring out of ways to control threat at a time while the world's concentration is in this zone. The e-book offers insights from prime experts within the sector of power protection. It supplies readers plentiful, rigorous research and counsel at a serious time in dealing with the dual demanding situations of power safeguard and weather switch. The booklet additionally highlights the position of fresh power expertise in relocating in the direction of destiny varied and clever electrical energy structures. it is going to be a relied on, first element of reference for decision-makers within the box of power policy.The ebook contains a foreword via the 2007 Nobel Peace Prize winner. All royalties from sale of this e-book can be donated to charities operating within the strength region within the constructing global. . Theoretical underpinning and utilized use of Portfolio conception within the power region. In-depth attention of danger. Contributions from best overseas strength economists. cutting edge methodologies for considering strength safeguard and variety
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Extra resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)
Mean-variance portfolio (MVP) theory, initially developed for financial securities, can be applied to generation assets to determine the optimal portfolio for a country or generation company. g. Fabozzi et al. (2002) for a recent review of the developments of portfolio theory. Modern portfolio theory makes some assumptions about investors. It assumes they dislike risk and like returns, will act rationally in making decisions and make decisions based on maximizing their return for the level of risk that is acceptable for them.
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And Katz, S. (1976). A portfolio approach to fossil fuel procurement in the electric utility industry. Journal of Finance, 31(3), 933–947. Barrel, R. and Pomerantz, O. (2004). Oil Prices and the World Economy. London: NIESR. , Howley, M. (2007). Security of Supply Metrics for Ireland, . EPSSU, Dublin. Bohi, D. and Toman, M. (1993). Energy security: externalities and policies. Energy Policy, (November), 1093–1109. Brealey, R. and Myers, S. (2000). Principles of Corporate Finance, 6th edn. Irwin McGraw-Hill.