Power Plant Portfolio based on Efficient Boundary

Author

Meng, Ming ; Shang, Wei

Author_Institution

Dept. of Econ.&Manage., North China Electr. Power Univ., Baoding

fYear

2008

fDate

21-22 Dec. 2008

Firstpage

881

Lastpage

883

Abstract

After China electric power industry market reform, electric power generation groups has competed for exploiting electric generation natural resources. With the consumption of good investment projects, generation groups will put more and more importance on investment risk. This paper adopts Lagrange multiplier to solve the problem of portfolio quadratic programming and further brings forward power plant investment portfolio model. It ascertains every least risk investment weights at certain possible return and further deduces a parabola return-risk curve. By selecting a certain acceptable risk, the generation group could realize best return rate.

Keywords

power generation economics; power markets; power plants; quadratic programming; risk analysis; China electric power industry market reform; Lagrange multiplier; electric power generation; investment projects; investment risk; power plant; quadratic programming; Construction industry; Energy management; Industrial economics; Investments; Lagrangian functions; Portfolios; Power generation; Power generation economics; Quadratic programming; Resource management; efficient boundary; portfolio; power plant; risk and return rate;

fLanguage

English

Publisher

ieee

Conference_Titel

Knowledge Acquisition and Modeling Workshop, 2008. KAM Workshop 2008. IEEE International Symposium on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-3530-2

Electronic_ISBN

978-1-4244-3531-9

Type

conf

DOI

10.1109/KAMW.2008.4810632

Filename

4810632