A game-theoretic approach for cost allocation in joint ventures in electrical power generation systems
A game-theoretic approach involving the AumannShapley (AS) prices is used for cost allocation in joint ventures in electrical power generation systems. Three basic cases are considered: the case of ''similar'' load duration curves (LDC's) for the participating utilities and economies of scale in the capital cost for the jointly-owned unit; the case of ''unsimilar'' LDC's, same peak hour and no economies of scale; and the case of ''unsimilar'' LDC's, same peak hour with economies of scale. In the first case, the benefits of cooperation result from economies of scale, in the second from savings in the fuel costs and in the third from both. In all cases, the theoretical development is followed by a detailed numerical example to demonstrate the calculation process of the AS prices and the benefits of cooperation.
- Research Organization:
- Faculty of Management, Tel Aviv University
- OSTI ID:
- 6399797
- Journal Information:
- IEEE Trans. Power Appar. Syst.; (United States), Journal Name: IEEE Trans. Power Appar. Syst.; (United States) Vol. PAS-104:5; ISSN IEPSA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
296000* -- Energy Planning & Policy-- Electric Power
ALLOCATIONS
CALCULATION METHODS
COST
COST BENEFIT ANALYSIS
ELECTRIC UTILITIES
GAME THEORY
JOINT VENTURES
LOAD MANAGEMENT
MANAGEMENT
MATHEMATICS
PEAK-LOAD PRICING
PRICES
PUBLIC UTILITIES
STATISTICS
TIME-OF-USE PRICING