Model

The model connects compute, power, rates and funding through a shared factor state. Contracts, equipment appraisals and hedges read the same curves; capacity, commitments, cash and debt determine what the operator can deliver and finance.

A reservation price is the payment that preserves the optimized value of the existing business after the new contract enters its book. Because the payment changes available cash, it can change which delivery and hedging policies are feasible.

Two numerical methods use this market law. A finite scenario program produces reservation-payment certificates. A path controller jointly chooses dispatch, financing and financial positions against a fitted continuation. Each solves a stated decision problem, with its own approximation error.

Capabilities

• Shared affine factors for compute, power, rates and funding
• Futures, funded puts, a fixed-strike forward and a periodic cap with dated cash flows
• Factor and delivery-bucket risk, including shocks outside the fitted factor span
• Separate operating value, lender appraisal and liquidation proceeds
• Calibration with declared anchors, identification rank and parameter uncertainty

Retained experiments

The study uses synthetic inputs, shared market paths and saved conditional innovations.