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Books > Science & Mathematics > Mathematics > Probability & statistics
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Modeling and Forecasting Electricity Demand - A Risk Management Perspective (Paperback, 2015 ed.)
Loot Price: R1,735
Discovery Miles 17 350
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Modeling and Forecasting Electricity Demand - A Risk Management Perspective (Paperback, 2015 ed.)
Series: BestMasters
Expected to ship within 10 - 15 working days
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The master thesis of Kevin Berk develops a stochastic model for the
electricity demand of small and medium-sized companies that is
flexible enough so that it can be used for various business
sectors. The model incorporates the grid load as an exogenous
factor and seasonalities on a daily, weekly and yearly basis. It is
demonstrated how the model can be used e.g. for estimating the risk
of retail contracts. The uncertainty of electricity demand is an
important risk factor for customers as well as for utilities and
retailers. As a consequence, forecasting electricity load and its
risk is now an integral component of the risk management for all
market participants.
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