An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders

An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders

Fazıl Gökgöz, Mete Emin Atmaca
ISBN13: 9781522507314|ISBN10: 1522507310|EISBN13: 9781522507321
DOI: 10.4018/978-1-5225-0731-4.ch021
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MLA

Gökgöz, Fazıl, and Mete Emin Atmaca. "An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders." Handbook of Research on Managerial Solutions in Non-Profit Organizations, edited by Vojko Potocan, et al., IGI Global, 2017, pp. 448-482. https://doi.org/10.4018/978-1-5225-0731-4.ch021

APA

Gökgöz, F. & Atmaca, M. E. (2017). An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders. In V. Potocan, M. Ünğan, & Z. Nedelko (Eds.), Handbook of Research on Managerial Solutions in Non-Profit Organizations (pp. 448-482). IGI Global. https://doi.org/10.4018/978-1-5225-0731-4.ch021

Chicago

Gökgöz, Fazıl, and Mete Emin Atmaca. "An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders." In Handbook of Research on Managerial Solutions in Non-Profit Organizations, edited by Vojko Potocan, Mustafa C. Ünğan, and Zlatko Nedelko, 448-482. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-0731-4.ch021

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Abstract

Electricity has a crucial role for not only human daily life but also industry, commerce, and development of countries. It is a unique product that should be generated and consumed simultaneously. In many countries today, to increase effective and efficient use of electricity, deregulation of electricity markets continue. Power suppliers as a market player which is operating in this volatile deregulated market environments need to optimize their generation capacities and bidding strategies. The methods presented in the chapter provide strategic decisions for key stakeholders with different risk aversion levels and various instruments to minimize related market risks while maximizing benefits. The optimal asset allocation applications such as financial optimization models have a significant capability to provide viable solutions to improve efficient decision- making systems for key policy makers and other stakeholders. Being a brand new asset allocation approach for electricity market, it is believed that this study provides a significant contribution to literature in this field.

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