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

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 regula...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Weber, Christoph (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: New York, NY : Springer New York, 2005.
Σειρά:International Series in Operations Research & Management Science, 77
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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100 1 |a Weber, Christoph.  |e author. 
245 1 0 |a Uncertainty in the Electric Power Industry  |h [electronic resource] :  |b Methods and Models for Decision Support /  |c by Christoph Weber. 
264 1 |a New York, NY :  |b Springer New York,  |c 2005. 
300 |a XXV, 294 p.  |b online resource. 
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490 1 |a International Series in Operations Research & Management Science,  |x 0884-8289 ;  |v 77 
505 0 |a Deregulation and Markets in the Electricity Industry -- Decision Making and Uncertainties in the Electricity Industry -- Modelling Electricity Prices -- Modeling Competition in the Electricity Industry -- Optimizing Generation and Trading Portfolios -- Risk Management and Risk Controlling -- Technology Assessment -- Investment Decisions -- Final Remarks. 
520 |a 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. 
650 0 |a Engineering. 
650 0 |a Energy policy. 
650 0 |a Energy and state. 
650 0 |a Operations research. 
650 0 |a Decision making. 
650 0 |a Probabilities. 
650 0 |a Applied mathematics. 
650 0 |a Engineering mathematics. 
650 0 |a Engineering economics. 
650 0 |a Engineering economy. 
650 0 |a Energy industries. 
650 1 4 |a Engineering. 
650 2 4 |a Energy Economics. 
650 2 4 |a Engineering Economics, Organization, Logistics, Marketing. 
650 2 4 |a Appl.Mathematics/Computational Methods of Engineering. 
650 2 4 |a Probability Theory and Stochastic Processes. 
650 2 4 |a Operation Research/Decision Theory. 
650 2 4 |a Energy Policy, Economics and Management. 
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830 0 |a International Series in Operations Research & Management Science,  |x 0884-8289 ;  |v 77 
856 4 0 |u http://dx.doi.org/10.1007/b100484  |z Full Text via HEAL-Link 
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950 |a Engineering (Springer-11647)