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

• Main Author: Weber, Christoph (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York, NY : Springer New York, 2005.
• Series: International Series in Operations Research & Management Science, 77
• Subjects: Engineering.; Energy policy.; Energy and state.; Operations research.; Decision making.; Probabilities.; Applied mathematics.; Engineering mathematics.; Engineering economics.; Engineering economy.; Energy industries.; Energy Economics.; Engineering Economics, Organization, Logistics, Marketing.; Appl.Mathematics/Computational Methods of Engineering.; Probability Theory and Stochastic Processes.; Operation Research/Decision Theory.; Energy Policy, Economics and Management.

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...