Optimal Life Extension Management of Offshore Wind Farms Based on the Modern Portfolio Theory

The present study aims to develop a risk-based approach to finding optimal solutions for life extension management for offshore wind farms based on Markowitz’s modern portfolio theory, adapted from finance. The developed risk-based approach assumes that the offshore wind turbines (OWT) can be consid...

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Bibliographic Details
Main Authors: Baran Yeter, Yordan Garbatov
Format: Article
Language:English
Published: MDPI AG 2021-08-01
Series:Oceans
Subjects:
Online Access:https://www.mdpi.com/2673-1924/2/3/32