This book provides a methodology for achieving an optimum investment strategy in the heating and combined heat and power (CHP) industry. It shows readers how to apply mathematical models to the analysis of heat and electricity sources operation from technical and economic perspectives. It also allows readers to ascertain the economic effectiveness of modernizing an existing CHP plant. The mathematical models presented in this book are designed to recognize identity profits in continuous time to give greater ability to predict them. The authors explore operational costs of a CHP plant and the impact of factors, such as environmental costs associated with investment in the heating, and CHP sector to enable readers to choose the most appropriate technologies. The up-to-date technical and economic analysis presented in this book extends readers? knowledge in the investment and optimization of heating and CHP and supplies practical guidance to assist the decision-making of investors. Investment Strategy in Heating and CHP is a powerful source of information, making it ideal for financial analysts and power engineers. It is also suited for students and researchers with an interest in investment strategy, owing to its in-depth analysis of mathematical methods.