G. Karakatsanis, D. Roussis, Y. Moustakis, N. Gournari, I. Parara, P. Dimitriadis, and D. Koutsoyiannis, Energy, variability and weather finance engineering, Energy Procedia, 125, 389–397, doi:10.1016/j.egypro.2017.08.073, 2017.
Weather derivatives comprise efficient financial tools for managing hydrometeorological uncertainties in various markets. With ~46% utilization by the energy industry, weather derivatives are projected to constitute a critical element for dealing with risks of low and medium impacts –contrary to standard insurance contracts that deal with extreme events. In this context, we design and engineer -via Monte Carlo pricing- a weather derivative for a remote island in Greece -powered by an autonomous diesel-fuelled generator- resembling to a standard call option contract to test the benefits for both the island’s public administration and a bank -as the transaction’s counterparty.
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Our works referenced by this work:
|1.||D. Koutsoyiannis, and A. Langousis, Precipitation, Treatise on Water Science, edited by P. Wilderer and S. Uhlenbrook, 2, 27–78, doi:10.1016/B978-0-444-53199-5.00027-0, Academic Press, Oxford, 2011.|
Our works that reference this work:
|1.||E. Klousakou, M. Chalakatevaki, P. Dimitriadis, T. Iliopoulou, R. Ioannidis, G. Karakatsanis, A. Efstratiadis, N. Mamassis, R. Tomani, E. Chardavellas, and D. Koutsoyiannis, A preliminary stochastic analysis of the uncertainty of natural processes related to renewable energy resources, Advances in Geosciences, 45, 193–199, doi:10.5194/adgeo-45-193-2018, 2018.|
|2.||N. Mamassis, A. Efstratiadis, P. Dimitriadis, T. Iliopoulou, R. Ioannidis, and D. Koutsoyiannis, Water and Energy, Handbook of Water Resources Management: Discourses, Concepts and Examples, edited by J.J. Bogardi, T. Tingsanchali, K.D.W. Nandalal, J. Gupta, L. Salamé, R.R.P. van Nooijen, A.G. Kolechkina, N. Kumar, and A. Bhaduri, Chapter 20, 617–655, doi:10.1007/978-3-030-60147-8_20, Springer Nature, Switzerland, 2021.|
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Tagged under: Students' works, Uncertainty, Water and energy