Decision Making In Energy Systems
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Decision-Making in Energy Systems
This is a comprehensive book on how to make complex decisions on energy systems problems involving different technologies, environmental effects, costs, benefits, risks, and safety issues. Using Industrial and Systems Engineering techniques for decision-making in Energy Systems, the book provides the background knowledge and methods to incorporate multiple criteria involved in solving energy system problems. It offers methods, examples, and case studies illustrating applications. Decision-Making in Energy Systems discusses subjective as well as objective methods, approaches, and techniques taken from the systems and industrial engineering domain and puts them to use in solving energy systems problems. It uses an integrated approach by including effects of all technical, economic, environmental, and safety considerations as well as costs and risks. The book is specially designed for practicing engineers from industrial/systems engineering who work in energy systems engineering industries. Aimed at graduate students, researchers, and managers involved in various energy generating, distributing, and consuming companies, the book helps the reader to understand, evaluate, and decide on solutions to their energy-related problems.
Decision Making Under Uncertainty in Electricity Markets
Author: Antonio J. Conejo
language: en
Publisher: Springer Science & Business Media
Release Date: 2010-09-08
Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.
Collaborative Modeling and Decision-making for Complex Energy Systems
Offers the fundamentals of involving stakeholders in collaborative modeling of energy systems, including the technical subsystem as well as its economic, social, environmental and political subsystems. By illustrating the capabilities of the SAM-PD framework, this book introduces an actual case study of the Cape Wind Offshore Wind Energy project.