Mathematical Modelling of Contemporary Electricity Markets PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Mathematical Modelling of Contemporary Electricity Markets PDF full book. Access full book title Mathematical Modelling of Contemporary Electricity Markets by Athanasios Dagoumas. Download full books in PDF and EPUB format.
Author: Athanasios Dagoumas
Publisher: Academic Press
ISBN: 0128218398
Category : Political Science
Languages : en
Pages : 444
Get Book Here
Book Description
Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity. - Provides a diverse body of established techniques suitable for modeling any major aspect of electricity markets - Familiarizes energy experts with the quantitative skills needed in competitive electricity markets - Reviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets
Author: Athanasios Dagoumas
Publisher: Academic Press
ISBN: 0128218398
Category : Political Science
Languages : en
Pages : 444
Get Book Here
Book Description
Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity. - Provides a diverse body of established techniques suitable for modeling any major aspect of electricity markets - Familiarizes energy experts with the quantitative skills needed in competitive electricity markets - Reviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets
Author: Darryl R. Biggar
Publisher: John Wiley & Sons
ISBN: 1118775724
Category : Science
Languages : en
Pages : 493
Get Book Here
Book Description
Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes
Author: Fereidoon Sioshansi
Publisher: Elsevier
ISBN: 0080557716
Category : Technology & Engineering
Languages : en
Pages : 625
Get Book Here
Book Description
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide
Author: N.V. Hritonenko
Publisher: Springer Science & Business Media
ISBN: 1441997334
Category : Mathematics
Languages : en
Pages : 225
Get Book Here
Book Description
The problems of interrelation between human economics and natural environment include scientific, technical, economic, demographic, social, political and other aspects that are studied by scientists of many specialities. One of the important aspects in scientific study of environmental and ecological problems is the development of mathematical and computer tools for rational management of economics and environment. This book introduces a wide range of mathematical models in economics, ecology and environmental sciences to a general mathematical audience with no in-depth experience in this specific area. Areas covered are: controlled economic growth and technological development, world dynamics, environmental impact, resource extraction, air and water pollution propagation, ecological population dynamics and exploitation. A variety of known models are considered, from classical ones (Cobb Douglass production function, Leontief input-output analysis, Solow models of economic dynamics, Verhulst-Pearl and Lotka-Volterra models of population dynamics, and others) to the models of world dynamics and the models of water contamination propagation used after Chemobyl nuclear catastrophe. Special attention is given to modelling of hierarchical regional economic-ecological interaction and technological change in the context of environmental impact. Xlll XIV Construction of Mathematical Models ...
Author: Mukhdeep Singh Manshahia
Publisher: Springer Nature
ISBN: 3031264967
Category : Technology & Engineering
Languages : en
Pages : 302
Get Book Here
Book Description
This book provides readers with emerging research that explores the theoretical and practical aspects of implementing new and innovative artificial intelligence (AI) techniques for renewable energy systems. The contributions offer broad coverage on economic and promotion policies of renewable energy and energy-efficiency technologies, the emerging fields of neuro-computational models and simulations under uncertainty (such as fuzzy-based computational models and fuzzy trace theory), evolutionary computation, metaheuristics, machine learning applications, advanced optimization, and stochastic models. This book is a pivotal reference for IT specialists, industry professionals, managers, executives, researchers, scientists, and engineers seeking current research in emerging perspectives in artificial intelligence, renewable energy systems, and energy autonomy.
Author: Liviu Moldovan
Publisher: Springer Nature
ISBN: 3031223756
Category : Technology & Engineering
Languages : en
Pages : 934
Get Book Here
Book Description
This proceedings book contains research papers that are accepted for presentation at the 16th International Conference on Interdisciplinarity in Engineering—INTER-ENG 2022, which is held on 6–7 October 2022, in the city of Târgu Mureș, Romania. The general scope of the conference "Innovative aspects of Industry 4.0" concepts aims at consolidating the digital future of manufacturing in companies" is propsing a new approach related to the development of a new generation of smart factories grounded on the manufacturing and assembly process digitalization. It is related to advance manufacturing technology, lean manufacturing, sustainable manufacturing, additive manufacturing, manufacturing tools and equipment. It is a leading international professional and scientific forum of great interest for engineers and scientists who can read in this book research works contributions and recent developments as well as current practices in advanced fields of engineering.
Author: Helyette Geman
Publisher: John Wiley & Sons
ISBN: 0470687738
Category : Business & Economics
Languages : en
Pages : 479
Get Book Here
Book Description
The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses: Economic and geopolitical issues in commodities markets Commodity price and volume risk Stochastic modelling of commodity spot prices and forward curves Real options valuation and hedging of physical assets in the energy industry It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds. In Commodities and Commodity Derivatives, Hélyette Geman shows her powerful command of the subject by combining a rigorous development of its mathematical modelling with a compact institutional presentation of the arcane characteristics of commodities that makes the complex analysis of commodities derivative securities accessible to both the academic and practitioner who wants a deep foundation and a breadth of different market applications. It is destined to be a "must have" on the subject.” —Robert Merton, Professor, Harvard Business School "A marvelously comprehensive book of interest to academics and practitioners alike, by one of the world's foremost experts in the field." —Oldrich Vasicek, founder, KMV
Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 708
Get Book Here
Book Description
Author: Amit Kumar
Publisher: Academic Press
ISBN: 0128231580
Category : Mathematics
Languages : en
Pages : 522
Get Book Here
Book Description
The Handbook of Reliability, Maintenance, and System Safety through Mathematical Modeling discusses the many factors affect reliability and performance, including engineering design, materials, manufacturing, operations, maintenance, and many more. Reliability is one of the fundamental criteria in engineering systems design, with maintenance serving as a way to support reliability throughout a system's life. Addressing these issues requires information, modeling, analysis and testing. Different techniques are proposed and implemented to help readers analyze various behavior measures (in terms of the functioning and performance) of systems. - Enables mathematicians to convert any process or system into a model that can be analyzed through a specific technique - Examines reliability and mathematical modeling in a variety of disciplines, unlike competitors which typically examine only one - Includes a table of contents with simple to complex examples, starting with basic models and then refining modeling approaches step-by-step
Author: Thalita Peixoto Basso
Publisher: BoD – Books on Demand
ISBN: 183881180X
Category : Science
Languages : en
Pages : 640
Get Book Here
Book Description
Biotechnological Applications of Biomass provides a comprehensive overview of the current state of the art of biomass utilization in agriculture and pharmaceuticals. The information contained herein is useful to researchers and other readers interested in biomass utilization and production of bioproducts.
