Uncertainty in the Electric Power Industry: Methods and Models for Decision Support - Couverture rigide

Livre 57 sur 323: International Series in Operations Research & Management Science

Weber, Christoph

 
9780387230474: Uncertainty in the Electric Power Industry: Methods and Models for Decision Support
Couverture rigide
ISBN 10 : 0387230475 ISBN 13 : 9780387230474
Editeur : Springer-Verlag New York Inc., 2004

Synopsis

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 context, 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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer-Verlag New York Inc.
Date d'édition
2004
Langue
anglais
ISBN 10 
0387230475
ISBN 13 
9780387230474
Reliure
Relié
Nombre de pages
294
Coordonnées du fabricant
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Autres éditions populaires du même titre

9781441920003: Uncertainty in the Electric Power Industry: Methods and Models for Decision Support

Edition présentée

ISBN 10 :  1441920005 ISBN 13 :  9781441920003
Editeur : Springer, 2014
Couverture souple