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Risk Management for DG Owners

Karimi, Ahmad | 2013

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 45129 (46)
  4. University: Sharif University of Technology
  5. Department: Energy Engineering
  6. Advisor(s): Rajabi, Abbas
  7. Abstract:
  8. Distributed generation (DG) and its utilization have some benefits and risks for its owner and power network. From owner perspective, benefits of DG include selling energy, reducing costs related to fuel, and other economic benefits. However, there are some risk factors for the owner including risk of supplying fuel, risk of selling generated power, and other risk factors related to establishment of the DG unit. Utilizing risk-reduction tools such as signing agreements for selling power, purchasing fuel, and related economic tools are necessary for risk management of the owners of DG units. The purpose of this thesis is to investigate the economic situation of the DG units and optimize the owner’s benefit of investment and propose methods for risk managements. In order to identify the risk factors in this thesis, conditional value at risk (CVaR) technique has been used to model the problem and the modeled problem was solved by genetic algorithm. Then economic tools for risk management were modeled and their effects on owner’s risk management were investigated. One of the novelties of the proposed technique in this thesis is that the economic risks and risk management tools related to DG unit were simultaneously considered in modeling the problem. Another novelty of the technique is to establish the analytical function for data sampling
  9. Keywords:
  10. Conditional Value at Risk ; Dispersed Generation ; Genetic Algorithm ; Risk Management

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