Risk analysis for CHP decision making within the conditions of an open electricity market

Fouad Al-Mansour and Mitja Kožuh

Energy, 2007, vol. 32, issue 10, 1905-1916

Abstract: Decision making under uncertainty is a difficult task in most areas. Investment decisions for combined heat and power production (CHP) are certainly one of the areas where it is difficult to find an optimal solution since the payback period is several years and parameters change due to different perturbing factors of economic and mostly political nature.

Keywords: Combined heat and power production; Economic evaluation; Risk analysis (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:32:y:2007:i:10:p:1905-1916

DOI: 10.1016/j.energy.2007.03.009

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