DocumentCode
3503693
Title
Optimal Investment in Alternative Energy
Author
Feng Yizhen
Author_Institution
Coll. of Sci., Zhejiang Univ., Hangzhou
fYear
2007
fDate
21-25 Sept. 2007
Firstpage
4035
Lastpage
4038
Abstract
An optimal control model is established for the alternative energy investment strategy with the objective function of cumulative net social welfare. The investment rate is constrained by an inequality. Cumulative alternative energy production has an impact on cost and world oil price through supply on oil market. The interdependency of cost and oil price on optimal investment rate makes the problem inherently dynamic and is fully investigated. In some special cases, the optimal solution can be derived, while in general it oscillates between zero and maximal allowed value.
Keywords
investment; optimal control; pricing; public administration; alternative energy optimal investment; cumulative net social welfare; objective function; optimal control model; optimal solution; world oil price; Aggregates; Cost function; Educational institutions; Equations; Investments; Optimal control; Petroleum; Power generation economics; Production; Stress;
fLanguage
English
Publisher
ieee
Conference_Titel
Wireless Communications, Networking and Mobile Computing, 2007. WiCom 2007. International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-4244-1311-9
Type
conf
DOI
10.1109/WICOM.2007.997
Filename
4340772
Link To Document