DocumentCode
3234100
Title
Study on financial risk assessment of substation project based on Monte Carlo simulation
Author
Wei, Li ; Ya-nan, Yuan ; Wei-dong, Dong ; Bo, Zhang
Author_Institution
Dept. of Econ. & Manage., North China Electr. Power Univ., Baoding, China
fYear
2011
fDate
27-29 May 2011
Firstpage
62
Lastpage
65
Abstract
This main body of this article studied on the financial risk of substation construction project and a substation project financial risk assessment model based on Monte Carlo simulation was proposed. At first, the article put forward the evaluation index of substation project financial risk assessment, and analysed the main risk factors in substation project financial risk assessment. On the basis of this, the substation project financial risk assessment model based on Monte Carlo simulation was established. Then the established model was applied to a substation project financial risk assessment, and the Crystal Ball software was introduced in this article to evaluate the financial risk of substation project, which provided reliable basis for investment decisions.
Keywords
Monte Carlo methods; construction; power system economics; power system reliability; risk management; substations; Monte Carlo simulation; crystal ball software; evaluation index; financial risk assessment; substation construction project; Analytical models; Substations; Monte Carlo simulation; financial risk; project; substation;
fLanguage
English
Publisher
ieee
Conference_Titel
Communication Software and Networks (ICCSN), 2011 IEEE 3rd International Conference on
Conference_Location
Xi´an
Print_ISBN
978-1-61284-485-5
Type
conf
DOI
10.1109/ICCSN.2011.6014389
Filename
6014389
Link To Document