Optimization of China's generating portfolio and policy implications based on portfolio theory
作者： Lei Zhu , Ying Fan
DOI: 10.1016/J.ENERGY.2009.11.024
关键词: Application portfolio management 、 Operations management 、 Energy security 、 Modern portfolio theory 、 Replicating portfolio 、 Portfolio 、 Engineering 、 Diversification (finance) 、 Portfolio optimization 、 Environmental economics 、 Black–Litterman model
摘要: This paper applies portfolio theory to evaluate China's 2020-medium-term plans for generating technologies and its generating portfolio. With reference to the risk of relevant generating-cost streams, the paper discusses China's future development of efficient (Pareto optimal) generating portfolios that enhance energy security in different scenarios, including CO2-emission-constrained scenarios. This research has found that the future adjustment of China's planned 2020 generating portfolio can reduce the portfolio's cost risk through …
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