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Books > Business & Economics > Economics > Economic forecasting
A "quick look up guide," Electricity Cost Modeling Calculations
places the relevant formulae and calculations at the reader's
finger tips. In this book, theories are explained in a nutshell and
then the calculation is presented and solved in an illustrated,
step-by-step fashion. A valuable guide for new engineers,
economists (or forecasters), regulators, and policy makers who want
to further develop their knowledge of best practice calculations
techniques or experienced practitioners (and even managers) who
desire to acquire more useful tips, this book offers expert advice
for using such cost models to determine optimally-sized
distribution systems and optimally-structured power supplying
entities. In other words, this book provides an
Everything-that-you-want-to-know-about-cost-modelling-for-electric-utilities
(but were afraid to ask) approach to modelling the cost of
supplying electricity. In addition, the author covers the concept
of multiproduct and multistage cost functions, which are
appropriate in modelling the cost of supplying electricity. The
author has done all the heavy number-crunching, and provides the
reader with real-world, practical examples of how to properly
quantify the costs associated with providing electric service, thus
increasing the accuracy of the results and support for the policy
initiatives required to ensure the competitiveness of the power
suppliers in this new world in which we are living. The principles
contained herein could be employed to assist in the determination
of the cost-minimizing amount of output (i.e., electricity), which
could then be used to determine whether a merger between two
entities makes sense (i.e., would increase profitability). Other
examples abound: public regulatory commissions also need help in
determining whether mergers (or divestitures) are welfare-enhancing
or not; ratemaking policies depend on costs and properly
determining the costs of supplying electric (or gas, water, and
local telephone) service. Policy makers, too, can benefit in terms
of optimal market structure; after all, the premise of deregulation
of the electric industry was predicated on the idea that generation
could be deregulated. Unfortunately, the economies of vertical
integration between the generation.
Succinct and understandable, this book is a step-by-step guide to
the mathematics and construction of electrical load forecasting
models. Written by one of the world's foremost experts on the
subject, Electrical Load Forecasting provides a brief discussion of
algorithms, their advantages and disadvantages and when they are
best utilized. The book begins with a good description of the basic
theory and models needed to truly understand how the models are
prepared so that they are not just blindly plugging and chugging
numbers. This is followed by a clear and rigorous exposition of the
statistical techniques and algorithms such as regression, neural
networks, fuzzy logic, and expert systems. The book is also
supported by an online computer program that allows readers to
construct, validate, and run short and long term models.
Over the next twenty years, the world as we know it is going to
change in innumerable ways: it is like the whole thing is a giant
chessboard, except that the pieces are not just getting shifted
around a board. Instead, they are flipping through the air, and
changing their patterns and colors and landing looking completely
different than they did before. All of the economic pieces are
morphing into something else. In Economorphics, you are offered a
guidebook to these changes and the ways that you can make them work
for you. Did you know that we are in the midst of a new wave of
mobility, the likes of which we have not seen in a century? Do you
know what the demographic window is - or when it will open and shut
in your market? There is a growing middle class in much of the
developing world - what does that mean to you if you live in the
developed one? And what about interest rates - what do the long
term trends say for investors? In clear, entertaining prose,
Nazareth outlines the biggest trends that will shape the next two
decades. You need a strategic plan - whether for your business,
your portfolio, your career or your life. The starting point is
understanding the Economorphics - so make sure you do, and take
control of your future.
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