Dynamic coordinated maintenance of wind-farms with risk-averse agents under CVaR criterion

We study a coordinated maintenance problem for multi-turbine offshore wind-farms. The deterioration of the turbines follows Poisson process and optimal order quantity single wind-farm, as well coalition wind-farms, is obtained using analogy with risk-averse newsvendor model considering conditional value at risk (CVaR) criterion. apply theory robust dynamic coalitional games to design stable allocation mechanism that distributes cost among all participants in fair way.