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Uncertainty in the electric power industry / Christoph Weber

Tác giả : Christoph Weber

Nhà xuất bản : Springer

Năm xuất bản : 2005

Nơi xuất bản : New York

Mô tả vật lý : 290 p. ; 24 cm

ISBN : 0387230475

Số phân loại : 333.79323

Tùng thư : International series in operations research and management science

Chủ đề : 1. Electric utilities. 2. Electric utilities -- Deregulation. 3. Electric utilities -- Planning. 4. Điện. 5. Năng lượng tự nhiên. 6. Tài nguyên thiên nhiên.

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Tóm tắt :

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.

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