Title :
Notice of Retraction
Risk Management in Generation Investment
Author :
Min Liu ; Wu, F.F.
Author_Institution :
Electr. Eng. Coll., Guizhou Univ., Guiyang, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
In the liberalized electricity market, both private investors and policy makers need a set of tools to develop and assess flexible investment projects under uncertainties in order to manage the risks involved. Based on the analyses of the generation investment environment and the theory of real options, this paper proposes a layered framework for generation strategic planning and investment, in which different categories of uncertainties such as market risks, policy risks, technical risks and so on can be considered. The framework is divided into four layers: (1) prices and costs forecasting, (2) gross value and capital estimation, (3) expanded net present value calculation and (4) decision analysis.
Keywords :
investment; power markets; risk management; strategic planning; flexible investment projects; generation investment; generation strategic planning; liberalized electricity market; market risks; policy makers; policy risks; private investors; real options theory; risk management; technical risks; Costs; Economic forecasting; Electricity supply industry; Energy management; Investments; Project management; Risk analysis; Risk management; Strategic planning; Uncertainty;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
DOI :
10.1109/ICMSS.2009.5303715
