Overview
- First modern book to consider financial and production risk in energy markets
- Examines markets and prices, decision making, renewable sources, and long term risk
- Contributing authors are some of the biggest names in the field?
Part of the book series: International Series in Operations Research & Management Science (ISOR, volume 199)
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Table of contents (18 chapters)
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Long Term and Political Risks
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Front Matter
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Back Matter
Keywords
About this book
This book presents an overview of the risks involved in modern electricity production, delivery and trading, including technical risk in production, transportation and delivery, operational risk for the system operators, market risks for traders, and political and other long term risks in strategic management. Using decision making under uncertainty as a methodological background, the book is divided into four parts, with Part I focusing on energy markets, particularly electricity markets. Topics include a nontechnical overview of energy markets and their main properties, basic price models for energy commodity prices, and modeling approaches for electricity price processes.
Part II looks at optimal decisions in managing energy systems, including hydropower dispatch models, cutting plane algorithms and approximative dynamic programming; hydro-thermal production; renewable; stochastic investments and operational optimization models for natural gas transport; decision making in operating electricity networks; and investment in extending energy production systems.
Part III explores pricing, including electricity swing options and the pricing of derivatives with volume control. Part IV looks at long-term and political risks, including energy systems under aspects of climate change, and catastrophic operational risks, particularly risks from terrorist attacks.
Editors and Affiliations
Bibliographic Information
Book Title: Handbook of Risk Management in Energy Production and Trading
Editors: Raimund M. Kovacevic, Georg Ch. Pflug, Maria Teresa Vespucci
Series Title: International Series in Operations Research & Management Science
DOI: https://doi.org/10.1007/978-1-4614-9035-7
Publisher: Springer New York, NY
eBook Packages: Business and Economics, Business and Management (R0)
Copyright Information: Springer Science+Business Media New York 2013
Hardcover ISBN: 978-1-4614-9034-0Published: 27 November 2013
Softcover ISBN: 978-1-4899-7970-4Published: 23 August 2016
eBook ISBN: 978-1-4614-9035-7Published: 27 November 2013
Series ISSN: 0884-8289
Series E-ISSN: 2214-7934
Edition Number: 1
Number of Pages: XV, 505
Number of Illustrations: 68 b/w illustrations, 81 illustrations in colour
Topics: Operations Research/Decision Theory, Energy Systems, Energy Policy, Economics and Management
Industry Sectors: Biotechnology, Consumer Packaged Goods, Electronics, Engineering, Finance, Business & Banking, IT & Software