Investment decision making in a deregulated electric industry using stochastic dominance

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dc.contributor.authorPrina Pacheco, José Pedro
dc.date.accessioned2022-05-17T15:57:20Z
dc.date.available2022-05-17T15:57:20Z
dc.date.issued2000
dc.description.abstractThis article focuses on investment on capacity expansion in a deregulated electric industry, under conditions of uncertainty. Particularly, it describes a framework for the application of the concepts of stochastic dominance to the investment decision making process. The Chilean electricity market case is taken as a general framework. After briefly describing its main characteristics, it is discussed how to obtain the probability distribution of the net present value (NPV) of an investment in a new generating plant, using a long term planning model. Having the NPV distribution, and information about investors' risk attitude, stochastic dominance concepts can be applied to complement the investment decision making process. The most interesting aspect regarding the methodology discussed is that it takes into consideration the whole distribution of returns from an investment, not relying just on the expected NPV, or a particular measure of risk. Nevertheless, stochastic dominance produces only a partial ordering of investment alternatives.
dc.fuente.origenIEEE
dc.identifier.doi10.1109/EMS.2000.872563
dc.identifier.isbn780364422
dc.identifier.urihttps://doi.org/10.1109/EMS.2000.872563
dc.identifier.urihttps://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=872563
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/64069
dc.information.autorucEscuela de ingeniería ; Prina Pacheco, José Pedro ; S/I ; 84336
dc.language.isoen
dc.nota.accesoContenido parcial
dc.publisherIEEE
dc.relation.ispartofProceedings of the IEEE Engineering Management Society (2000 : Albuquerque, NM, Estados Unidos)
dc.rightsacceso restringido
dc.subjectInvestments
dc.subjectDecision making
dc.subjectStochastic processes
dc.subjectElectricity supply industry
dc.subjectElectricity supply industry deregulation
dc.subjectUncertainty
dc.subjectPower system management
dc.subjectPower generation
dc.subjectProduction
dc.subjectHydroelectric power generation
dc.subject.ods08 Decent work and economic growth
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.titleInvestment decision making in a deregulated electric industry using stochastic dominancees_ES
dc.typecomunicación de congreso
sipa.codpersvinculados84336
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