Research on investment-return model of new power system considering financial pressure

The investment-return model of power system plays an important part in the business model of power system. In previous studies, the financial pressure brought by the proportion of power project investment was neglected. An investment-return model based on asymmetric Nash bargaining was proposed in t...

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Main Authors: Jun Zhang, Chi Wu, Gonglin Wang, Jiao Du, Yongbiao Yang
Format: Article
Language:English
Published: Elsevier 2023-09-01
Series:Energy Reports
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2352484723007072
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author Jun Zhang
Chi Wu
Gonglin Wang
Jiao Du
Yongbiao Yang
author_facet Jun Zhang
Chi Wu
Gonglin Wang
Jiao Du
Yongbiao Yang
author_sort Jun Zhang
collection DOAJ
description The investment-return model of power system plays an important part in the business model of power system. In previous studies, the financial pressure brought by the proportion of power project investment was neglected. An investment-return model based on asymmetric Nash bargaining was proposed in this paper, which could better reflect the game process of investment-return in the new power system. Firstly, the stakeholders of cooperative game were analyzed so as to establish the framework of cooperative game model. Secondly, combined with various characteristics of new power system, various influencing factors of the cooperative game was estimated. Thirdly, the expression and solution of Nash bargain were put forward. Finally, the availability of the model was verified by an example. The experiment showed that the investment-return model could reflect the process of investment-return of the new power system more completely.
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spelling doaj.art-a6b7149c47ba4c09935f3c650f773ea82023-09-12T04:16:01ZengElsevierEnergy Reports2352-48472023-09-019540546Research on investment-return model of new power system considering financial pressureJun Zhang0Chi Wu1Gonglin Wang2Jiao Du3Yongbiao Yang4Business Startups and Innovation Center, State Grid Jiangsu Electric Power Co., Ltd, Nanjing 210000, ChinaBusiness Startups and Innovation Center, State Grid Jiangsu Electric Power Co., Ltd, Nanjing 210000, ChinaSchool of Software, Southeast University, Nanjing 210000, China; Corresponding author.Nanjing Center for Applied Mathematics, Nanjing 210000, ChinaSchool of Electrical Engineering, Southeast University, Nanjing 210000, ChinaThe investment-return model of power system plays an important part in the business model of power system. In previous studies, the financial pressure brought by the proportion of power project investment was neglected. An investment-return model based on asymmetric Nash bargaining was proposed in this paper, which could better reflect the game process of investment-return in the new power system. Firstly, the stakeholders of cooperative game were analyzed so as to establish the framework of cooperative game model. Secondly, combined with various characteristics of new power system, various influencing factors of the cooperative game was estimated. Thirdly, the expression and solution of Nash bargain were put forward. Finally, the availability of the model was verified by an example. The experiment showed that the investment-return model could reflect the process of investment-return of the new power system more completely.http://www.sciencedirect.com/science/article/pii/S2352484723007072New power systemCooperative gameNash bargainingFinancial pressure
spellingShingle Jun Zhang
Chi Wu
Gonglin Wang
Jiao Du
Yongbiao Yang
Research on investment-return model of new power system considering financial pressure
Energy Reports
New power system
Cooperative game
Nash bargaining
Financial pressure
title Research on investment-return model of new power system considering financial pressure
title_full Research on investment-return model of new power system considering financial pressure
title_fullStr Research on investment-return model of new power system considering financial pressure
title_full_unstemmed Research on investment-return model of new power system considering financial pressure
title_short Research on investment-return model of new power system considering financial pressure
title_sort research on investment return model of new power system considering financial pressure
topic New power system
Cooperative game
Nash bargaining
Financial pressure
url http://www.sciencedirect.com/science/article/pii/S2352484723007072
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AT jiaodu researchoninvestmentreturnmodelofnewpowersystemconsideringfinancialpressure
AT yongbiaoyang researchoninvestmentreturnmodelofnewpowersystemconsideringfinancialpressure