Applied Operations Research and Financial Modelling in Energy: Practical Applications and Implications

This book on Applied Operations Research and Financial Modelling in Energy (AORFME) presents several applications of operations research (OR) and financial modelling. The contributions by a group of OR and Finance researchers focus on a variety of energy decisions, presenting a quantitative perspective, and providing policy implications of the proposed or applied methodologies. 

The content is divided into three main parts: Applied OR I: Optimization Approaches, Applied OR II: Forecasting Approaches and Financial Modelling: Impacts of Energy Policies and Developments in Energy Markets. The book appeals to scholars in economics, finance and operations research, and to practitioners working in the energy sector.

This is the eighth volume in a series of books on energy organized by the Centre for Energy and Value Issues (CEVI). For this volume, CEVI collaborated with Hacettepe University’s Energy Markets Research and Application Center. The previous volumes in the series are: Financial Aspects in Energy (2011), Energy Economics and Financial Markets (2012), Perspectives on Energy Risk (2014), Energy Technology and Valuation Issues (2015), Energy and Finance (2016), Energy Economy, Finance and Geostrategy (2018), and Financial Implications of Regulations in the Energy Industry (2020).

André Dorsman is the president of the Center for Energy and Value Issues (CEVI) and an advisor to several MSEs and local government.

Kazim Baris Atici is the director of Hacettepe University’s Energy Markets Research and Application Center (Turkey) and an associate professor of operations research at the university’s Department of Business Administration. 

Aydin Ulucan is the head of Hacettepe University’s Quantitative Methods Division (Turkey) and a professor of operations research at the university’s Department of Business Administration.

Mehmet Baha Karan is a professor of finance at Hacettepe University (Turkey) and vice president of the Center for Energy and Value Issues (CEVI).