Price-Based Commitment Decisions in the Electricity Market /
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...
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| Format: | eBook |
| Language: | English |
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London :
Springer London,
1999.
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| Series: | Advances in industrial control.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | 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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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xviii, 242 pages) |
| ISBN: | 9781447105718 (electronic bk.) 1447105710 (electronic bk.) |
| ISSN: | 1430-9491 |