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

Language: English

Published by Springer New York, Springer US, 2014

1441920005 / 9781441920003

Series: Book 57 of 323 - International Series in Operations Research & Management Science

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Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9781441920003

Title
Uncertainty in the Electric Power Industry : Methods and Models for Decision Support
Author
Christoph Weber
Publisher
Springer New York, Springer US
Publication year
2014
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
1441920005
ISBN 13
9781441920003
Item weight
493 grams
Dimensions
235x155x18 mm
Series
Book 57 of 323: International Series in Operations Research & Management Science

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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