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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Electrical power industries
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Price-based Commitment Decisions in the Electricity Market (Hardcover)
Loot Price: R2,640
Discovery Miles 26 400
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Price-based Commitment Decisions in the Electricity Market (Hardcover)
Series: Advances in Industrial Control
Expected to ship within 12 - 17 working days
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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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