Generation Adequacy via Call Options Obligations: Safe Passage to the Promised Land

نویسنده

  • Shmuel S. Oren
چکیده

Industrial Engineering and Operations Research department at the University of California at Berkeley. For the past 10 years, he has served as Berkeley site director of Power Systems Engineering Research Center (PSERC), sponsored by the National Science Foundation and industry members. He has been a consultant to private and government organizations including the Brazilian Electricity Regulatory Agency (ANEEL), the Alberta Energy Utility Board, the Polish system operator (PSE) and the Public Utility Commission of Texas (PUCT). He holds a Ph.D. in Engineering Economic Systems from Stanford University. He is a Fellow of the IEEE and of INFORMS. This work has been partially supported by NSF ECS/EPNES Grant 0224779 and by a Department of Energy grant administered by the Consortium for Electric Reliability Technology Solutions (CERTS). Generation Adequacy via Call Options Obligations: Safe Passage to the Promised Land

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Life Insurance Contracts with Embedded Options Valuation , Risk Management , and Regulation

Life insurance contracts are often complex financial securities pervaded by embedded options such as interest rate guarantees, bonus and surrender options, and sometimes even more exotic elements. It is safe to say that historically these financial elements have typically not been offered specific attention by accountants and actuaries of the issuing companies who, until very recently, have rel...

متن کامل

Arbitrage, Options and Endangered Species

I model the impact of mitigation banking accompanied by Safe Harbor provisions on a land-owner’s choices about supporting a population of an endangered species. The Safe Harbor provision is equivalent to a free call option on a population with market value, and mitigation banking can allow a landowner with an endangered species to arbitrage between land without and with permission to develop. A...

متن کامل

Perspectives of Ethical Identity in Ng's Steer toward Rock and Jen's Mona in the Promised Land

In her article "Perspectives of Ethical Identity in Ng's Steer toward Rock and Jen's Mona in the Promised Land" Hui Su examines Fae Myenne Ng's and Gish Jen's novels. In the novels, the protagonists make different decisions: in Steer Toward Rock Jack after displacement in China adopts US-American identity and in Mona in the Promised Land Mona, a second generation Chinese American, selects Jewis...

متن کامل

Application of Monte Carlo Simulation in the Assessment of European Call Options

In this paper, the pricing of a European call option on the underlying asset is performed by using a Monte Carlo method, one of the powerful simulation methods, where the price development of the asset is simulated and value of the claim is computed in terms of an expected value. The proposed approach, applied in Monte Carlo simulation, is based on the Black-Scholes equation which generally def...

متن کامل

Modelling land use patterns at the forest edge: Feasibility of a static spatial model

A model is proposed that will allow forest and land use policy options to be explored in a repeatable, objective and quantitative way. Construction and use of the model should lead to a better understanding of spatial and temporal land use patterns. It will provide detailed spatially-explicit data on a range of parameters to enable rigorous testing and offer insights for further development. Th...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2005