Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Increased competition in wholesale power generation will allow electric utilities to use financial models to improve their decision making. This competition will result in the creation of electricity spot, futures, and forward markets, which will provide necessary information for utility executives to used advance financial tools, such as random walk models and options theory. These models will allow executives to place a value on risk. Once this value is known, executives can determine how best to manage that risk, whether by entering into financial transactions, adjusting their operational and planning decisions, or both.

Original languageEnglish
Title of host publicationProceedings of the American Power Conference
Editors Anon
PublisherIllinois Inst of Technology
Pages1013-1017
Number of pages5
Volume57-2
Publication statusPublished - 1995
EventProceedings of the 57th Annual American Power Conference. Part 1 (of 3) - Chicago, IL, USA
Duration: Apr 18 1995Apr 20 1995

Other

OtherProceedings of the 57th Annual American Power Conference. Part 1 (of 3)
CityChicago, IL, USA
Period4/18/954/20/95

Fingerprint

Electric utilities
Decision making
Planning
Power generation
Electricity

ASJC Scopus subject areas

  • Nuclear Energy and Engineering
  • Electrical and Electronic Engineering
  • Mechanical Engineering

Cite this

Felder, F. (1995). Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns. In Anon (Ed.), Proceedings of the American Power Conference (Vol. 57-2, pp. 1013-1017). Illinois Inst of Technology.

Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns. / Felder, Frank.

Proceedings of the American Power Conference. ed. / Anon. Vol. 57-2 Illinois Inst of Technology, 1995. p. 1013-1017.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Felder, F 1995, Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns. in Anon (ed.), Proceedings of the American Power Conference. vol. 57-2, Illinois Inst of Technology, pp. 1013-1017, Proceedings of the 57th Annual American Power Conference. Part 1 (of 3), Chicago, IL, USA, 4/18/95.
Felder F. Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns. In Anon, editor, Proceedings of the American Power Conference. Vol. 57-2. Illinois Inst of Technology. 1995. p. 1013-1017
Felder, Frank. / Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns. Proceedings of the American Power Conference. editor / Anon. Vol. 57-2 Illinois Inst of Technology, 1995. pp. 1013-1017
@inproceedings{6c25452a256644478f7f980b4186a28f,
title = "Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns",
abstract = "Increased competition in wholesale power generation will allow electric utilities to use financial models to improve their decision making. This competition will result in the creation of electricity spot, futures, and forward markets, which will provide necessary information for utility executives to used advance financial tools, such as random walk models and options theory. These models will allow executives to place a value on risk. Once this value is known, executives can determine how best to manage that risk, whether by entering into financial transactions, adjusting their operational and planning decisions, or both.",
author = "Frank Felder",
year = "1995",
language = "English",
volume = "57-2",
pages = "1013--1017",
editor = "Anon",
booktitle = "Proceedings of the American Power Conference",
publisher = "Illinois Inst of Technology",

}

TY - GEN

T1 - Application of financial options theory to electric utility decision making in integrated resource planning and maintenance shutdowns

AU - Felder, Frank

PY - 1995

Y1 - 1995

N2 - Increased competition in wholesale power generation will allow electric utilities to use financial models to improve their decision making. This competition will result in the creation of electricity spot, futures, and forward markets, which will provide necessary information for utility executives to used advance financial tools, such as random walk models and options theory. These models will allow executives to place a value on risk. Once this value is known, executives can determine how best to manage that risk, whether by entering into financial transactions, adjusting their operational and planning decisions, or both.

AB - Increased competition in wholesale power generation will allow electric utilities to use financial models to improve their decision making. This competition will result in the creation of electricity spot, futures, and forward markets, which will provide necessary information for utility executives to used advance financial tools, such as random walk models and options theory. These models will allow executives to place a value on risk. Once this value is known, executives can determine how best to manage that risk, whether by entering into financial transactions, adjusting their operational and planning decisions, or both.

UR - http://www.scopus.com/inward/record.url?scp=0029222676&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0029222676&partnerID=8YFLogxK

M3 - Conference contribution

VL - 57-2

SP - 1013

EP - 1017

BT - Proceedings of the American Power Conference

A2 - Anon, null

PB - Illinois Inst of Technology

ER -