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dc.contributor.authorSingham, Dashi I..
dc.contributor.authorCai, Wenbo
dc.contributor.authorWhite, Joshua A.
dc.date.accessioned2017-04-24T19:04:16Z
dc.date.available2017-04-24T19:04:16Z
dc.date.issued2015
dc.identifier.citationD.I. Singham, W. Cai, and J.A. White, "Optimal Carbon Capture and Storage Contracts Using Historical CO2 Emissions Levels" Energy Systems, 6(3):331-360, (2015)
dc.identifier.urihttp://hdl.handle.net/10945/52679
dc.descriptionThe article of record may be found at http://dx.doi.org/10.1007/s12667-015-0142-zen_US
dc.description.abstractIn an effort to reduce carbon dioxide (CO2) emissions to the atmosphere, carbon capture and storage (CCS) technology has been developed to collect CO2 from emissions generators and store it underground. Recent proposed legislation would limit the volume of emissions generated from power sources, effectively requiring some sources to participate in CCS. Both emissions sources and storage operators require incentives to enter into contracts to capture excess emissions at the source, and transport and store the CO2 underground. As the level of emissions from power plants is stochastic and carryover into future time periods is expensive, we develop a newsvendor model to determine the optimal price and volume of these contracts to maximize the expected profit of the storage operator and encourage the participation of multiple emissions sources. Because the storage operator has a limit on the amount of CO2 that can be injected each month, this limit affects the allocation of the optimal contract amounts between the emitters. The distribution of emissions and relative costs of transportation also influence the optimal policy. In addition to analytical solutions, we present data-driven methods for using correlated emissions data to determine the optimal price and volume of these contracts.en_US
dc.format.extent31 p.
dc.publisherSpringer
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleOptimal carbon capture and storage contracts using historical CO2 emissions levelsen_US
dc.typeArticleen_US
dc.contributor.corporateNaval Postgraduate School (U.S.)
dc.contributor.departmentOperations Research (OR)


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