Uncertainty in the Electric Power Industry Methods and Models for Decision Support (International Series in Operations Research & Management Science)
Summary:
Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this con****, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.
Free
Download Pdf English Books, Engineering Books In English, Electrical Books In PDF, Mechanical Books In Pdf, Electrical Book About Transformers, PDF Books
About Batteries, Electrical Energy System Books, Electric Power Distribution
Equipment And Systems Books, Electric Machinery Fundamentals Books, Electrical
Measurement Books, Signal Processing And Displays Books Of Electrical,
Synchronous Generators Books In PDF, Medical Books About Brain, Mathematical
Books, Dictionary Of Symbols In PDF , Dictionary Of Architecture And Building
Construction, Dictionary Of Civil Engineering, Dictionary Of Geophysics,
Astrophysics, And Astronomy , Dictionary Of Scientific And Technical
Terms , Dictionary Of Languages. Home decoration Magazine, Electronics Magazine, How it works Magazine.
