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Details

  • Name

    Manuel Valentim Loureiro
  • Cluster

    Industry and Innovation
  • Role

    External Research Collaborator
  • Since

    01st September 2011
001
Publications

2015

Capacity expansion in transmission networks using portfolios of real options

Authors
Loureiro, MV; Claro, J; Pereira, PJ;

Publication
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS

Abstract
We adopt in this paper a perspective of portfolios of real options, to propose a mixed integer linear programming model for multistage Transmission Network Expansion Planning. The model is then used to analyze three fundamental network building blocks - an independent design, a radial design, and a meshed design - seeking to develop network design insights, in particular regarding the joint value of postponement and other sources of operational flexibility. The results clearly point to the importance of explicitly incorporating uncertainty, adopting a multistage perspective, and addressing complex interactions between different sources of flexibility, in the design of transmission networks.

2012

Portfolios of Real Options and Capacity Expansion in Transmission Network Expansion Planning

Authors
Manuel Valentim Loureiro; Paulo J. Pereira; João Claro

Publication
Real Options 2012 - 16th Annual International Conference Real Option - Theory Meets Practice, Londres, UK

Abstract