Theodorou, Petros; Karyampas, Dimitrios - In: Energy Policy 36 (2008) 7, pp. 2601-2609
Traditional cost based optimization models (WASP) for expansion planning do not allow for mark-to-market valuation and cannot satisfy arbitrage free requirements. This work will fill this gap by developing and estimating models for mark-to-market valuation. Furthermore the present paper examines...