Optimization in the Energy Industry (Energy Systems)

Springer

Published by Springer, 2009
ISBN 10: 3540889647 / ISBN 13: 9783540889649
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This book offers a broad, in-depth overview that reflects the requirements, possibilities and limits of mathematical optimization and, especially, stochastic optimization in the energy industry.

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Today, the optimization of production planning processes using IT and quantitative methods is a de-facto standard in the energy industry. The energy problem is challenging and one of the most important political and economical issues in the world. Governments face the problem how to adopt the system of `Cap and Trade.' Especially, energy consuming industries, like steel, power, oil and chemical, are seriously confronted with this problem.

The book offers a broad in-depth overview reflecting the requirements, possibilities and limits of mathematical optimization and, especially, stochastic optimization in the energy industry. 22 chapters with world-wide origins illuminate the mathematical requirements based on practical experiences and provide an ideal insight into the energy world -- from integration of wind energy, chain of errors in nuclear power plants and scheduling of hydroelectric power stations, over risk assessment in trading activities to various mathematical approaches.

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Title: Optimization in the Energy Industry (Energy ...
Publisher: Springer
Publication Date: 2009
Binding: Hardcover
Book Condition: Used: Good

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Book Description Springer. Hardcover. Book Condition: New. Hardcover. 534 pages. Dimensions: 9.5in. x 6.4in. x 1.3in.Today, the optimization of production planning processes by means of IT and quantitative methods is a de-facto standard in the energy industry. Franch et al. inChapter1andIkenouyeinChapter2giveanintroduction, overview, and reasonsforthis. Furthermore, theenergyproblemnowisnotonlyachallenging one but also one of the most important issues in the world from the political and economical points of view. In every country, the government is faced with the problem of how to adopt the system of Cap and Trade. Especially energy consuming industries, such as steel, power, oil and chemicals, are seriously confronted with this problem. VIII Preface This is also the reason why the German Operations Research Society (GOR) and one of its working groups, held a symposium with the title Stochastic Optimization in the Energy Industry. During the 78th meeting of the GOR working group Praxis der Mathematischen OptimierungReal World Optimization in Aachen at Procom GmbH on April 2122, 2007, the speakers with an application background explained their requirements for stochasticoptimizationsolutionsbasedonpracticalexperiences. Thespeakers from the research side and the software system suppliers examined dierent aspects of the whole subject from the integration of wind energy, the chain of errors in nuclear power plants and the scheduling of hydroelectric power stations, and the risk assessment in trading activities to the various software systems which support stochastic optimization methods. The symposium oered an interesting overview which reected the - quirements, possibilities and restrictions of Stochastic Optimization in the Energy Industry. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Bookseller Inventory # 9783540889649

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