Real option models maximize the estimated market value of operational assets, exploiting
the flexibility that decision makers have in managing these assets. Inspired by the valuation …

This paper analyses two-player nonzero-sum games of optimal stopping on a class of linear
regular diffusions with not nonsingular boundary behaviour [in the sense of Itô and McKean …

Energy storage devices are coming online in electricity markets around the world but are still
considered an expensive solution to the load balancing problem. We propose a new market …

Accurately valuing storage in the electricity market recognizes its role in enhancing grid
flexibility, integrating renewable energy, managing peak loads, providing ancillary services …

We find empirical evidence that mean-reverting jump processes are not statistically
adequate to model electricity spot price spikes but independent, signed sums of such …

A mixed financial/physical partial differential equation (PDE) can optimize the joint earnings
of a single wind power generator (WPG) and a generic energy storage device (ESD) …

This paper is aimed at the call of the United Nations Intergovernmental Panel on Climate
Change (IPCC) for the need to maintain global warming within a controllable range. The …

This paper is a quantitative study of a reserve contract for real-time balancing of a power
system. Under this contract, the owner of a storage device, such as a battery, helps smooth …

One of the challenges in cyber-physical systems (CPS) is to guarantee system safety, ie
system functionality has to ensure that system state paths are allowed also in presence of …

Coal resources still play a significant role in the evolution of China's energy structure in the
long term. A set of scientific and reasonable evaluation models for coal resources mining …