摘要翻译：
本研究以2019年欧洲国家为样本，分析了该业务目前的生存能力；电价（日前市场）和财政状况表现出一定程度异质性的国家。在我们的研究中，我们基本上遵循了三个分析的序列。首先，建立了一个线性混合集成规划模型来优化样本中每个国家的套利策略。其次，利用优化模型中的现金流量，计算两个财务指标（净现值和内部收益率），以选择每个国家的最优转炉规模。根据西班牙监管机构提出的方法，在计算第二种税率时使用了每个国家特有的税率和贴现率。第三，提出了一个混合线性回归模型，以考察观察到的和未观察到的异质性（在国家一级）在解释企业盈利能力方面的重要性。
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英文标题：
《An assessment of European electricity arbitrage using storage systems》
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作者：
Fernando N\'u\~nez, David Canca, \'Angel Arcos-Vargas
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最新提交年份：
2020
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要：
  This study analyses the current viability of this business based on a sample of European countries in the year 2019; countries where electricity prices (day-ahead market) and financial conditions show a certain degree of heterogeneity. We basically follow a sequence of three analyses in our study. Firstly, a Linear Mixed-Integrated Programming model has been developed to optimize the arbitrage strategy for each country in the sample. Secondly, using the cash-flows from the optimization model, we calculate two financial indicators (NPV and IRR) in order to select the optimal converter size for each country. Tax and discount rates specific to each country have been used with the calculation of this second rate following the methodology proposed by the Spanish regulator. Thirdly, a mixed linear regression model is proposed in order to investigate the importance of observed and unobserved heterogeneity (at country level) in explaining the business profitability.
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PDF链接：
https://arxiv.org/pdf/2010.11912