Optimal Investment in Hydroelectric Energy

Mustafa Akan

Optimal Investment in Hydroelectric Energy

Öz

Assuming that the total energy demand is satisfied by oil and hydroelectric energy, optimal investment in hydroelectric production capacity which is a function of the size of the dam and the water availability, which changes by seasons, is analyzed using optimal control theory. Investment cost in dam capacity depends not only on the purchase cost of additional capacity but also on the installation of that capacity. The optimal investment is to invest heavily in early stages by gradually decreasing it until the long-term equilibrium point is reached. The equilibrium point also oscillates but stable. However, since the dam size is usually large compared to the amplitude of the oscillation, the optimal path and the equilibrium level of investment can be considered to be functions of relevant parameters of the problem only.

Anahtar Kelimeler

Hydroelectric,Optimal Control Investment

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Mustafa Akan ^*
0000-0002-2900-4932
Türkiye

Yayımlanma Tarihi

30 Eylül 2019

Gönderilme Tarihi

31 Mayıs 2019

Kabul Tarihi

9 Ekim 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 2 Sayı: 2

IZ

https://izlik.org/JA88PJ24GT

Kaynak Göster

RIS / Bibtex

APA

Akan, M. (2019). Optimal Investment in Hydroelectric Energy. Haliç Üniversitesi Sosyal Bilimler Dergisi, 2(2), 407-422. https://izlik.org/JA88PJ24GT

AMA

1.Akan M. Optimal Investment in Hydroelectric Energy. Sosyal ve Beşeri Bilimler, Konservatuvar. 2019;2(2):407-422. https://izlik.org/JA88PJ24GT

Chicago

Akan, Mustafa. 2019. “Optimal Investment in Hydroelectric Energy”. Haliç Üniversitesi Sosyal Bilimler Dergisi 2 (2): 407-22. https://izlik.org/JA88PJ24GT.

EndNote

Akan M (01 Eylül 2019) Optimal Investment in Hydroelectric Energy. Haliç Üniversitesi Sosyal Bilimler Dergisi 2 2 407–422.

IEEE

[1]M. Akan, “Optimal Investment in Hydroelectric Energy”, Sosyal ve Beşeri Bilimler, Konservatuvar, c. 2, sy 2, ss. 407–422, Eyl. 2019, [çevrimiçi]. Erişim adresi: https://izlik.org/JA88PJ24GT

ISNAD

Akan, Mustafa. “Optimal Investment in Hydroelectric Energy”. Haliç Üniversitesi Sosyal Bilimler Dergisi 2/2 (01 Eylül 2019): 407-422. https://izlik.org/JA88PJ24GT.

JAMA

1.Akan M. Optimal Investment in Hydroelectric Energy. Sosyal ve Beşeri Bilimler, Konservatuvar. 2019;2:407–422.

MLA

Akan, Mustafa. “Optimal Investment in Hydroelectric Energy”. Haliç Üniversitesi Sosyal Bilimler Dergisi, c. 2, sy 2, Eylül 2019, ss. 407-22, https://izlik.org/JA88PJ24GT.

Vancouver

1.Mustafa Akan. Optimal Investment in Hydroelectric Energy. Sosyal ve Beşeri Bilimler, Konservatuvar [Internet]. 01 Eylül 2019;2(2):407-22. Erişim adresi: https://izlik.org/JA88PJ24GT