More than 98 percent of Israel's primary energy resources are imported, most of it as crude oil, the rest of it as coal, placing the country in a most vulnerable and awkward position. The sharp increases in crude oil prices in 1973 following the Yom Kippur War and in 1979 has increased the...

In capacity expansion studies of power generation systems, the uncertainty in the prices of the primary energy resources is a major concern. The approach presented in this paper accounts for this uncertainty by mapping the probability distribution of the installed capacity for any given...