Optimum Investment Strategy in the Power Industry: Mathematical Models

ISBN-13: 9783319318714 / Angielski / Miękka / 2016 / 68 str.

Ryszard Bartnik; Berenika Bartnik; Anna Hnydiuk-Stefan

Opis

This book presents an innovative methodology for identifying optimum investment strategies in the power industry. To do so, it examines results including, among others, the impact of oxy-fuel technology on CO2 emissions prices, and the specific cost of electricity production.The technical and economic analysis presented here extend the available knowledge in the field of investment optimization in energy engineering, while also enabling investors to make decisions involving its application. Individual chapters explore the potential impacts of different factors like environmental charges on costs connected with investments in the power sector, as well as discussing the available technologies for heat and power generation.The book offers a valuable resource for researchers, market analysts, decision makers, power engineers and students alike.

Spis treści

1.Introduction

1.1. Traditional and discounting techniques

References

2.A formulate of problem of seeking an optimum investment strategy in power engineering

2.1. Methodology of seeking optimum investment strategies in business             

2.2. Target functional in continuous time in search for an optimum investment strategy

2.2.1. Mathematical model with continuous time of searching for an optimum investment strategy in electricity sources

2.2.2. Mathematical model with continuous time of searching for an optimum investment strategy in sources of combined heat and electricity production

2.3. Results of sample calculations

2.4. Conclusion

References

3.Value of the heat and electricity market and market worth of power stations and heat and power plants supplying the market

3.1. Introduction

3.2. Methodology of analysis and assessment of the value of the heat and electricity market and market worth of power stations and heat and power plants

3.2.1. Continuous mathematical models of analysis and valuation of the value of the heat and electricity market as well as market worth of power stations and heat and power plants supplying the market

3.2.1.1. Mathematical models excluding investment on modernisation of power stations and heat and power plants

3.2.1.2. Mathematical models including investment in modernization of a power station or heat and power plant

3.3. Conclusions

References

Index

O autorze

Professor Ryszard Bartnik is a power engineering researcher and scientist. His fields of specialization are heat and power generating technologies and power management. He is interested in the technical and economic effects of coal fired and natural gas fired heat and power generating plants. After having worked at the Silesian University of Technology as academic teacher and at design offices, he currently is professor at the Opole University of Technology. He is still interested in technical and economical problems of power plants and publishing connected with these problems some new articles as well as a new and very interesting book not only in Poland. He is the author and co-author of 7 books, among them "Conversion of Coal-Fired Power Plants to Cogeneration and Combined-Cycle. Thermal and Economic Effectiveness”, Springer, London 2011, “The Modernization Potential of Gas Turbines in the Coal-Fired Power Industry. Thermal and Economic Effectiveness”, Springer, London 2013, “Combined cycle power plants. Thermal and economic effectiveness” WNT, Warszawa 2009, 2012, (in Polish), Economic Account in the Power Industry, Wydawnictwo WNT, Warszawa 2014 (in Polish).

M. Sc. Berenika Bartnik is a researcher for the field of economic engineering. She works in Trigon brokerage house and has a practical knowledge about financials and mathematics. She is co-author of several articles in the fields of economical effectiveness in power industry. She is also co-author of the monograph "Economic Account in the Power Industry", Wydawnictwo WNT, Warszawa 2014 (in Polish).

Dr eng. Anna Hnydiuk-Stefan work as a university teacher in Opole University of Technology. She has experience in co-operation with the biggest Polish power groups in a field of carbon emissions trading scheme. She is an author of several publications about oxy-fuel combustion technology and environmental charges impact on a power plants operation. She is a graduate of the MBA in finance and insurance conducted by the Illinois State University and Technical University of Lodz. She is a licensed commodity broker No. 247 issued by the Financial Supervision Commission in Poland