000 04414nam a22005175i 4500
001 978-1-4614-9035-7
003 DE-He213
005 20140220082832.0
007 cr nn 008mamaa
008 131126s2013 xxu| s |||| 0|eng d
020 _a9781461490357
_9978-1-4614-9035-7
024 7 _a10.1007/978-1-4614-9035-7
_2doi
050 4 _aHD30.23
072 7 _aKJT
_2bicssc
072 7 _aKJMD
_2bicssc
072 7 _aBUS049000
_2bisacsh
082 0 4 _a658.40301
_223
100 1 _aKovacevic, Raimund M.
_eeditor.
245 1 0 _aHandbook of Risk Management in Energy Production and Trading
_h[electronic resource] /
_cedited by Raimund M. Kovacevic, Georg Ch. Pflug, Maria Teresa Vespucci.
264 1 _aBoston, MA :
_bSpringer US :
_bImprint: Springer,
_c2013.
300 _aXV, 505 p. 149 illus., 81 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aInternational Series in Operations Research & Management Science,
_x0884-8289 ;
_v199
505 0 _aEnergy Markets -- Introduction to Price Models for Energy -- Price Dynamics in Electricity Markets -- Price-Driven Hydropower Dispatch Under Uncertainty -- On Cutting Plane Algorithms and Dynamic Programming for Hydroelectricity Generation -- Medium-Term Operational Planning for Hydrothermal Systems -- Stochastic Optimization of Power Generation and Storage Management in a Market Environment -- Risk Measures in Multi-horizon Scenario Trees -- Controlled Islanding as Robust Operator Response under Uncertainty -- Complementarity and Game-theoretical Models for Equilibria in Energy Markets: Deterministic and Risk-averse Formulations -- Optimal Planning and Economic Evaluation of Trigeneration Districts -- Renewable Energy and its Impact on Power Markets -- Copula-Based Hedge ratios for Renewable Power Generation -- Investment in Stochastic Electricity-Production Facilities -- Pricing of Energy Contracts: From Replication Pricing to Swing Options -- Energy Derivatives with Volume Controls -- Risk Hedging Strategies under Energy System and Climate Policy Uncertainties -- Comparative Assessment of Accident Risks in the Energy Sector.
520 _aThis book presents an overview of the risks involved in modern electricity production, delivery and trading, including technical risk in production, transportation and delivery, operational risk for the system operators, market risks for traders, and political and other long term risks in strategic management.  Using decision making under uncertainty as a methodological background, the book is divided into four parts, with Part I focusing on energy markets, particularly electricity markets.  Topics include a nontechnical overview of energy markets and their main properties, basic price models for energy commodity prices, and modeling approaches for electricity price processes. Part II looks at optimal decisions in managing energy systems, including hydropower dispatch models, cutting plane algorithms and approximative dynamic programming; hydro-thermal production; renewable; stochastic investments and operational optimization models for natural gas transport; decision making in operating electricity networks; and investment in extending energy production systems. Part III explores pricing, including electricity swing options and the pricing of derivatives with volume control.  Part IV looks at long-term and political risks, including energy systems under aspects of climate change, and catastrophic operational risks, particularly risks from terrorist attacks.
650 0 _aEconomics.
650 0 _aElectric engineering.
650 0 _aEngineering economy.
650 0 _aOperations research.
650 1 4 _aEconomics/Management Science.
650 2 4 _aOperation Research/Decision Theory.
650 2 4 _aEnergy Technology.
650 2 4 _aEnergy Economics.
700 1 _aPflug, Georg Ch.
_eeditor.
700 1 _aVespucci, Maria Teresa.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781461490340
830 0 _aInternational Series in Operations Research & Management Science,
_x0884-8289 ;
_v199
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4614-9035-7
912 _aZDB-2-SBE
999 _c96102
_d96102