We employ Monte Carlo analysis to determine the distribution of returns for various electricity generation technologies. Costs and revenues for each technology are calculated by means of a unit commitment and economic dispatch algorithm at hourly resolution. This represents a considerable...

We present a mixed-integer, linear programming model for determining optimal interconnection for a given level of renewable generation using a cost minimisation approach. Optimal interconnection and capacity investment decisions are determined under various targets for renewable penetration. The...

We examine the payoffs to electrical interconnection between isolated systems considering minimisation of both costs and variability. We demonstrate that optimal interconnection portfolios cannot be derived analytically and must be simulated numerically. We present a mixed-integer linear...

Environmental emergency situations can differ in many ways, for instance according to their causes and the dimension of their impacts. Yet, they share the characteristic of sudden onset and the necessity for a coherent and effective emergency management. In this paper we consider decision...

When natural disasters and extreme events such as storms, floods and earthquakes occur, it is not only people, residential buildings and infrastructure that are seriously affected, but also industry. Direct losses to installations as well as indirect losses, e.g., the interruption of production,...

When natural disasters and extreme events such as storms, floods and earthquakes occur, it is not only people, residential buildings and infrastructure that are seriously affected, but also industry. Direct losses to installations as well as indirect losses, e.g., the interruption of production,...