Making optimal investment decisions for energy service companies under uncertainty: A case study

作者: Qianli Deng , Xianglin Jiang , Limao Zhang , Qingbin Cui

DOI: 10.1016/J.ENERGY.2015.05.004

关键词:

摘要: Varied initial energy efficiency investments would result in different annual savings achievements. In order to balance the revenue and potential capital loss through EPC (Energy Performance Contracting), a cost-effective investment decision is needed when selecting technologies. this research, an approach developed for ESCO Service Company) evaluate profit, thus make optimal decisions. The under uncertainties, which are derived from performance variation price fluctuation, first modeled as stochastic processes. Then, profit shared by owner according contract specification. A simulation-based model built maximize owner's at same time, satisfy ESCO's expected rate of return. demonstrate applicability proposed approach, University Maryland campus case also presented. method could not only help determine investments, but assist bidding selection.

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