APPLYING PORTFOLIO THEORY TO EU ELECTRICITY PLANNING AND POLICY-MAKING
作者： Shimon Awerbuch , Martin Berger
DOI:
关键词: Environmental economics 、 Fixed cost 、 Energy planning 、 Portfolio 、 Energy security 、 Externality 、 Microeconomics 、 Business 、 Diversification (finance) 、 Modern portfolio theory 、 European union
摘要: This study introduces mean-variance portfolio theory and evaluates its potential application to the development of efficient (optimal) European Union (EU-15) generating portfolios that enhance energy security and diversification objectives. The analysis extends to European countries the previous work done by Awerbuch in the US, and applies a significantly more detailed portfolio model that reflects the risk of the relevant generating cost streams: fuel, operation and maintenance and construction period costs. It illustrates the portfolio effects of …
osti.gov
awerbuch.com 
ucsb.edu 参考文章(20)
Kevin A. Hassett, Gilbert E. Metcalf, Energy conservation investment Do consumers discount the future correctly Energy Policy. ,vol. 21, pp. 710- 716 ,(1993) , 10.1016/0301-4215(93)90294-P
Andrew Stirling, Diversity and ignorance in electricity supply investment: Addressing the solution rather than the problem☆ Energy Policy. ,vol. 22, pp. 195- 216 ,(1994) , 10.1016/0301-4215(94)90159-7
Neil Seitz, Capital budgeting and long-term financing decisions ,(1990)
William F. Sharpe, Portfolio Theory and Capital Markets ,(1970)
Constance E. Helfat, Investment Choices in Industry ,(1988)
Dudley J. Cowden, Harold T. Davis, The analysis of economic time series Southern Economic Journal. ,vol. 105, pp. 125- ,(1942) , 10.2307/1052693
Shimon Awerbuch, Investing in photovoltaics: risk, accounting and the value of new technology Energy Policy. ,vol. 28, pp. 1023- 1035 ,(2000) , 10.1016/S0301-4215(00)00089-6
W.V. Harlow, Asset Allocation in a Downside-Risk Framework Financial Analysts Journal. ,vol. 47, pp. 28- 40 ,(1991) , 10.2469/FAJ.V47.N5.28
François Bourguignon, Marielle de Jong, Value Versus Growth The Journal of Portfolio Management. ,vol. 29, pp. 71- 79 ,(2003) , 10.3905/JPM.2003.319896
CW Yang, Ming-Jeng Hwang, Bwo-Nung Huang, None, An analysis of factors affecting price volatility of the US oil market Energy Economics. ,vol. 24, pp. 107- 119 ,(2002) , 10.1016/S0140-9883(01)00092-5