Operations Research, Systems Engineering and Industrial Engineering Commons^™

Long Term Resource Planning For Electric Power Systems Under Uncertainty, Sarah M. Ryan, James D. Mccalley, David L. Woodruff

Sarah M. Ryan

Electric power systems are subject to uncertainties of many types and at many levels. In addition to the uncertain fuel prices, demand growth, and equipment outages included in traditional models, current trends portend increasing uncertainty due to such factors as the growth in generation from renewable sources which may be intermittent, the possibility of regulations to control carbon emissions, and the increasing price responsiveness of demand encouraged by smart grid technologies. This paper begins by discussing issues that confront electric system planners and explains the requirements for useful tools. We continue with a description of academic and commercial planning models …

Investments In Energy Technological Change Under Uncertainty, Ekundayo Shittu

Doctoral Dissertations 1896 - February 2014

This dissertation addresses the crucial problem of how environmental policy uncertainty influences investments in energy technological change. The rising level of carbon emissions due to increasing global energy consumption calls for policy shift. In order to stem the negative consequences on the climate, policymakers are concerned with carving an optimal regulation that will encourage technology investments. However, decision makers are facing uncertainties surrounding future environmental policy. The first part considers the treatment of technological change in theoretical models.

This part has two purposes: (1) to show-through illustrative examples-that technological change can lead to quite different, and surprising, impacts on the …