Price-based Commitment Decisions in the Electricity Market (Hardcover)

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.

General

Imprint:	Springer London
Country of origin:	United Kingdom
Series:	Advances in Industrial Control
Release date:	December 1998
First published:	December 1998
Authors:	Eric Allen • Ilic Marija
Dimensions:	240mm (L)
Format:	Hardcover
Pages:	260
ISBN-13:	978-1-85233-069-9
Categories:	Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Electrical power industries Books > Professional & Technical > Transport technology > Aerospace & aviation technology > General
LSN:	1-85233-069-4
Barcode:	9781852330699

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