Browsing NHH Brage by Author "Hellesøy, Theodor"

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Beyond the Gale: Parametric Insurance Pricing for Offshore Wind: Applications of Hierarchical Bayesian Methods, Markov Chain Monte Carlo and Copula-Based Risk Assessment on Zero Generation Events

Stølsnes, Simen; Hellesøy, Theodor (Master thesis, 2023)

This thesis introduces an innovative pricing model for parametric insurance of zerogeneration events at offshore wind farms, mainly focusing on the Norwegian shelf. The model employs a Hierarchical Bayesian approach to ...