Applying the ProdRisk- SHOP simulator for investment decisions
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The report describes status for the ProdRisk-SHOP simulator developed in HydroCen WP 3.3. Development of the simulator was motivated by the need for a tool that can calculate future production revenue for different investment alternatives for very detailed physical models. The ProdRisk-SHOP simulator is designed for this purpose and is implemented combining existing commercial models (ProdRisk and SHOP. The report describes more thoroughly the motivation for the development, how the simulator is implemented and experiences from application of the model to a real investment case in Sira-Kvina hydropower system.