Nathan Gibson is co-PI for a recently awarded grant from the Bonneville Power Administration (BPA): Framework for Quantification of Risk and Valuation of Flexibility in the FCRPS, along with PI Leon (Civil), Co-PI Hoyle (MIME), Co-PI Chen (Applied Economics) and Co-PI Fuentes (Statistics). This three year project seeks to apply uncertainty quantification techniques and robust optimization to statistical and economic models of the Federal Columbia River Power System (FCRPS) in order to quantify flexibility and value risk. This work continues the OSU-OUU effort funded by BPA for the previous three years.

Thursday, August 13, 2015