• 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