$ R; b/ [# E0 G7 s1 d& B) gFelix Wu 9 u6 }- i2 A# L: ?; lPhilip Wong Wilson Wong Professor in Electrical Engineering ! D, g( n I% K# m1 ]( Z4 bThe University of Hong Kong 6 i4 V+ z# X: M. a7 M ' v- N3 F U) B7 _+ V( o2 ?7 T( P# t7 N: G! p' u/ `$ v
Standard tools, such as probabilistic production costing, present value calculation, etc., have been developed and used for generation expansion planning in the traditional power industry for decades. After industry restructuring, however, there is a lack of analytical tools for either generation companies to conduct investment assessment or for government agencies to conduct impact assessment of proposed policy change. This talk focuses on the research to develop a comprehensive set of tools for generation investment planning under market environment. An overall framework will be introduced and various components will be specified. The efforts of our group in the development of models and computational methods for probabilistic profit evaluation, risk assessment, portfolio optimization, etc will be discussed. 6 D0 }. i3 j, h# x ! h2 s+ _# d/ u( d0 H+ n5 kFelix Wu6 q) U' `* p# \ a H% A5 a! ]6 q
Professor Felix Wu is the Philip Wong Wilson Wong Professor in Electrical Engineering at the University of Hong Kong, where he served as the Pro Vice Chancellor from 1997 to 2001. He is also a Professor Emeritus at the University of California, Berkeley, Department of Electrical Engineering and Computer Sciences, where he has been on the faculty since 1974. : k! l! w# ]6 C: _Professor Wu received his B.S. degree from National Taiwan University, M.S. degree from the University of Pittsburgh, and Ph.D. degree from the University of California, Berkeley. % i& C* D' x& L: o$ v- S& M, i# \. B+ s j+ T. {1 f4 e: B
Professor Wu was awarded the IEEE Fellow in 1989 for contributions to the development of theory and computation methods for power system planning and operation. He was the TEPCO (Tokyo Electric Power Company) Chair of “Frontier Technology for the Future Electric Energy System” in 1991. 1 V0 p% E( h" H' ?3 ~ , Y; ^4 J! r1 b$ k$ ]He has been a Visiting Professor at Swiss Federal Institute of Technology (ETH-Zurich), University of Tokyo, Univerdita Degli Studi di Cassino, and many other universities. He served as a consultant to a number of industry and government agencies including Pacific Gas and Electric Company, Electric Power Research Institute (USA), Chinese Electric Power Research Institute, ABB, Statcraft-Norway, Iberdrola-Spain, Manila Electric-Philippines, Taipower-Taiwan, etc." D7 E3 R: G3 n9 C
0 n+ ^, ]0 P! k0 e" M: r/ q9 P; J& lProf. Wu is a Trustee of Croucher Foundation (since 2004). He was a Board Member of Shantou University (2000-2003), a Council Member of Hong Kong Productivity Council and a member of Hong Kong Government Electricity Appeal Board. He is a founding member of International Institute for Critical Infrastructures and served as its President from 2003-2005. X( |: Y; s1 N7 g9 g