To achieve system resilience, one can leverage high-level design features (eg,
redundancies and fail-safes), adjust operational profiles (eg, load or trajectory), and use …

Including resilience in an overall systems optimization process is challenging because the
space of hazard-mitigating features is complex, involving both inherent and active …

Real options theory is applied to quantify the value of operational flexibility intrinsic to the
hydropower generation capacity from the perspective of US federal power marketing …

It is desirable for complex engineered systems to perform missions efficiently and
economically, even when these missions' complex, variable, long-term operational profiles …

This paper considers the revenue maximization problem for a hydropower company. The
company can generate excess electricity by releasing water from a reservoir and then sell it …

This research presents a valuation study of flexibility in hydropower generation. Flexibility
herein is considered as a stochastic process and is defined as the difference between the …

Optimizing a system's resilience can be challenging, especially when it involves considering
both the inherent resilience of a robust design and the active resilience of a health …

Practical engineering design problems are generally multi-disciplinary with limited budget
and high risk in terms of life loss, economic resources, etc. In the early phase of such …

This paper considers the revenue maximization problem for a hydropower company. The
company can generate excess electricity by releasing water from a reservoir and then sell it …

In this paper, we propose to use real option as a tool to evaluate operational flexibility in
hydropower generation for Bonneville Power Administration (BPA). As a market clearing …