IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/53540.html
   My bibliography  Save this paper

The “Randomizer” Program: Procedure and Operating Methods

Author

Listed:
  • M. Rouhani, Omid

Abstract

This report provides a detailed explanation of the “Randomizer” program. The “Randomizer” program calculates the benefits of Electric Program Investment Charge (EPIC) research projects by estimating the effects of the projects on some of the parameters incorporated in the RPS Calculator. The “Randomizer” program is written in the VB environment inside an Excel spreadsheet. The program determines the random effects of EPIC projects on the model’s parameters. Values for the effects on the parameters are drawn repeatedly from one of the few statistical or empirical distributions. Once a set of values are drawn for all the involved parameters, the modified RPS Calculator is run. The main modification is related to the demand responsiveness to electricity prices. Finally, changes in electricity prices, carbon emissions, and renewable portfolios from the base case (without EPIC projects) are reported as the outputs of the program.

Suggested Citation

  • M. Rouhani, Omid, 2013. "The “Randomizer” Program: Procedure and Operating Methods," MPRA Paper 53540, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53540
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/53540/1/MPRA_paper_53540.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    RPS Calculator; Randomizer; VISUAL BASIC; Renewable portfolio standard.;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • K2 - Law and Economics - - Regulation and Business Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:53540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.