| The paper deals with investment and financial problems in the side of electricity generation on the condition of market mechanism. From the aspect of the power plant investors and given the electricity market structure as oligopoly competitive, the paper chooses the long run generation capacity investment strategy as object and the game theory and method as basic research instrument. Taken the development of economy, the application of Demand Side Management (DSM) and the input of other kinds of power into consideration, the paper established a random dynamic game model of power plant investment under the oligopoly market structure and tests its related sensitiveness. Further more, the modified model is used to analyze the power market of Jiangsu province. With related data of this market, the paper gives the corresponding reasoning and solution.Firstly, the paper summarizes the foreign research and development on the decision of power plant investment. After the brief review of the related works in the fields of the investment decision in electricity generation project, the paper mainly discusses the models on the real-option, game theory and its method, such as real-option and the decision of power plant investment and financing under the perfect competition market, dynamic game based on the NPV rule and the decision of power plant investment and financing under the imperfect competition market, option game and its application in the decision of power plant investment and financing under the imperfect competition market structure. Then, the paper discusses the future development direction of the decision of power plant investment in the capacity expansion of electricity generation under uncertainties.Secondly, the paper does some research on the uncertain factors which influence the power plant investment, including primary random factors and sub-random factors. The primary random factors include the factors influencing the power demand(such as...
|
PDF Full Text Request