Energy Modelling And The Management Of Uncertainty
DOWNLOAD
Download Energy Modelling And The Management Of Uncertainty PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Energy Modelling And The Management Of Uncertainty book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Energy Modelling And The Management Of Uncertainty
DOWNLOAD
Author : Risk Books Staff
language : en
Publisher: Risk Books
Release Date : 1999-01-01
Energy Modelling And The Management Of Uncertainty written by Risk Books Staff and has been published by Risk Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Electric power categories.
This text contains a detailed analysis of the most difficult problems in pricing electricity, including: price modelling, derivative valuation, feedstock correlations, and weather risk. The book also relates key modelling difficulties to practical strategies for risk management.
Energy Modelling And The Management Of Uncertainty
DOWNLOAD
Author : Rob Jameson
language : en
Publisher:
Release Date : 1999
Energy Modelling And The Management Of Uncertainty written by Rob Jameson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Technology & Engineering categories.
Energy Modelling
DOWNLOAD
Author : Vincent Kaminski
language : en
Publisher: Risk
Release Date : 2005-01
Energy Modelling written by Vincent Kaminski and has been published by Risk this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01 with Energy industries categories.
An industry acclaimed bestseller - Energy Modelling has been extensively revised, updated and extended for the markets of 2005. This second edition is your detailed guide to how the tools of quantitative finance are being applied to the fast moving world of energy trading.
Essays On Uncertainty Analysis In Energy Modeling
DOWNLOAD
Author : John Erik Bistline
language : en
Publisher:
Release Date : 2013
Essays On Uncertainty Analysis In Energy Modeling written by John Erik Bistline and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The characterization and analysis of uncertainty are central components of decision-making, especially in the energy sector; however, there is currently a gap in the energy modeling community between the recognition of uncertainty's importance and its incorporation in large-scale models. This dissertation explores how the explicit inclusion of uncertainty through sequential decision-making approaches like stochastic programming can provide insights to energy planners in different domains. The dissertation first investigates the dynamics of capacity planning and dispatch in the electric power sector under technological, economic, and policy-related uncertainties. Metrics like the expected value of perfect information and the value of the stochastic solution quantify the benefits of reducing uncertainty and of incorporating uncertainty explicitly in modeling efforts. Model results highlight risks associated with shale gas and climate policy, offer policy guidance in these areas, and indicate that planners are likely underestimating the impacts of uncertainty. Hedging and strategic delay are explained in terms of the optionality of energy investments, leading to insights about uncertainty, learning, and irreversibility. A second application presents a framework for allocating investments across a portfolio of energy technology research and development (R & D) programs, which incorporates uncertainties in the effectiveness of investments and in diffusion markets. This work analyzes how R & D valuations vary in different decision-making settings and shows how wait-and-see valuation approaches, by not explicitly accounting for exogenous market uncertainties, may undervalue the hedging potential of technologies. The results indicate that R & D is more valuable in suboptimal planning and policy environments. The final section discusses policy and modeling questions about low-probability, high-impact risks in climate change economics. This analysis examines the impacts of fat-tailed uncertainty about the climate sensitivity parameter on near-term abatement using a sequential decision-making framework. The results demonstrate how policy prescriptions from integrated assessment models are highly sensitive to the specifications of uncertainty, learning, and damages. Fat tails alone do not merit stringent mitigation immediately, which also requires strongly convex damages and slow learning. The analysis illustrates the potential value of midcourse corrections on reducing consumption risks imposed by uncertain damages and focuses attention on the dynamics of learning.
Optimal Operation Of Integrated Multi Energy Systems Under Uncertainty
DOWNLOAD
Author : Qiuwei Wu
language : en
Publisher: Elsevier
Release Date : 2021-09-07
Optimal Operation Of Integrated Multi Energy Systems Under Uncertainty written by Qiuwei Wu and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-07 with Technology & Engineering categories.
Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty discusses core concepts, advanced modeling and key operation strategies for integrated multi-energy systems geared for use in optimal operation. The book particularly focuses on reviewing novel operating strategies supported by relevant code in MATLAB and GAMS. It covers foundational concepts, key challenges and opportunities in operational implementation, followed by discussions of conventional approaches to modeling electricity, heat and gas networks. This modeling is the base for more detailed operation strategies for optimal operation of integrated multi-energy systems under uncertainty covered in the latter part of the work. Reviews advanced modeling approaches relevant to the integration of electricity, heat and gas systems in operation studies Covers stochastic and robust optimal operation of integrated multi-energy systems Evaluates MPC based, real-time dispatch of integrated multi-energy systems Considers uncertainty modeling for stochastic and robust optimization Assesses optimal operation and real-time dispatch for multi-energy building complexes
Energy Storage In Energy Markets
DOWNLOAD
Author : Behnam Mohammadi-Ivatloo
language : en
Publisher: Academic Press
Release Date : 2021-04-30
Energy Storage In Energy Markets written by Behnam Mohammadi-Ivatloo and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-30 with Science categories.
Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems
Energy Policy Analysis And Modelling
DOWNLOAD
Author : Mohan Munasinghe
language : en
Publisher: Cambridge University Press
Release Date : 1993-08-26
Energy Policy Analysis And Modelling written by Mohan Munasinghe and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-08-26 with Business & Economics categories.
Energy plays a vital role in economic and social development. The analysis of energy issues and policy options is therefore a vital area of study. This book presents a hierarchical modelling scheme intended to support energy planning and policy analysis in developing countries. The authors introduce the concept of 'Integrated National energy Planning' (INEP), and examine the spreadsheet models, optimization models, and linear planning models which energy planners use. Environmental considerations are also introduced into the analysis. Techniques are then applied to two important energy subsectors, electricity and fuelwood, before problems of integration and policy implementation are discussed. Throughout the book, the authors examine actual practice in developing countries. Illustrative case material is drawn from Egypt, West Africa, Sudan, Pakistan, Colombia, India, Sri Lanka and Morocco. This book will be of interest to students and practitioners of energy planning, and to those concerned with the wider development implications of energy policy.
Uncertainty In The Electric Power Industry
DOWNLOAD
Author : Christoph Weber
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-01-06
Uncertainty In The Electric Power Industry written by Christoph Weber and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-06 with Business & Economics categories.
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.
Probabilistic Prognostics And Health Management Of Energy Systems
DOWNLOAD
Author : Stephen Ekwaro-Osire
language : en
Publisher: Springer
Release Date : 2017-04-25
Probabilistic Prognostics And Health Management Of Energy Systems written by Stephen Ekwaro-Osire and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-25 with Technology & Engineering categories.
This book proposes the formulation of an efficient methodology that estimates energy system uncertainty and predicts Remaining Useful Life (RUL) accurately with significantly reduced RUL prediction uncertainty. Renewable and non-renewable sources of energy are being used to supply the demands of societies worldwide. These sources are mainly thermo-chemo-electro-mechanical systems that are subject to uncertainty in future loading conditions, material properties, process noise, and other design parameters.It book informs the reader of existing and new ideas that will be implemented in RUL prediction of energy systems in the future. The book provides case studies, illustrations, graphs, and charts. Its chapters consider engineering, reliability, prognostics and health management, probabilistic multibody dynamical analysis, peridynamic and finite-element modelling, computer science, and mathematics.
Modeling And Forecasting Electricity Demand
DOWNLOAD
Author : Kevin Berk
language : en
Publisher: Springer
Release Date : 2015-01-20
Modeling And Forecasting Electricity Demand written by Kevin Berk and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-20 with Business & Economics categories.
The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and medium-sized companies that is flexible enough so that it can be used for various business sectors. The model incorporates the grid load as an exogenous factor and seasonalities on a daily, weekly and yearly basis. It is demonstrated how the model can be used e.g. for estimating the risk of retail contracts. The uncertainty of electricity demand is an important risk factor for customers as well as for utilities and retailers. As a consequence, forecasting electricity load and its risk is now an integral component of the risk management for all market participants.