no code implementations • 10 Apr 2021 • Yue Liu, Lixin Tian, Zhuyun Xie, Zaili Zhen, Huaping Sun
Considering the impact of price fluctuations of carbon emission right allowance, we investigate the operation of Chinese thermal power plant by modeling the decision-making with optimal stopping problem, which is established on the stochastic environment with carbon emission allowance price process simulated by geometric Brownian motion.