Extension of portfolio theory application to energy planning problem – The Italian case

M. Arnesano, A.P. Carlucci and D. Laforgia

Energy, 2012, vol. 39, issue 1, 112-124

Abstract: Energy procurement is a necessity which needs a deep study of both the demand and the generation sources, referred to consumers territorial localization. The study presented in this paper extends and consolidate the Shimon Awerbuch’s study on portfolio theory applied to the energy planning, in order to define a broad generating mix which optimizes one or more objective functions defined for a determined contest. For this purpose the computation model was specialized in energy generation problem and extended with the addition of new cost-risk settings, like renewable energy availability, and Black–Litterman model, which extends Markowitz theory.

Keywords: Portfolio theory; Energy mix; Energy planning; Environmental sustainability; Shimon Awerbuch (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544211004397
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:39:y:2012:i:1:p:112-124

DOI: 10.1016/j.energy.2011.06.053

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().