Price-Based Commitment Decisions in the Electricity Market
by Eric Allen
With major structural changes will need to be thoroughly reexamined. This book discusses decision making for problems where a particular decision affects the options available at the next decision time. The deregulation of the electric utility industry will shift the emphasis from a cost-based to a price-based approach; the resulting occuring in the electric power industry, many long-standing ways of operation increase in uncertainty requires that a stochastic approach be adopted for optimal decision-making. This monograph covers a wide range of topics including dynamic programming, ordinal optimization, price modelling and forecasting, future market decisions, reserve market decisions and decisions in a congested market place.
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Engineering, Engineering economyShowing 2 featured editions. View all 2 editions?
| Edition | Availability |
|---|---|
1
Price-Based Commitment Decisions in the Electricity Market
1999, Springer London
electronic resource /
in English
1447111621 9781447111627
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2
Price-Based Commitment Decisions in the Electricity Market
1998, Island Press
in English
1447105729 9781447105725
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