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Opportunity Costs: Hydro II 45 min
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Slides
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Models
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Working Out
Xpand: Opportunity Costs: Hydro II
Water value modelling in PLEXOS part II.
In this session we continue our investigation of water values, concentrating specifically on the future cost function, and the relation between MT-ST decomposition and stochastic dual dynamic programming. We also attempt to link this discussion with the definition of water values provided in the first session.