LEADER 05159nam 22006855 450 001 9910438087703321 005 20200920030643.0 010 $a1-4614-9035-9 024 7 $a10.1007/978-1-4614-9035-7 035 $a(CKB)3710000000031189 035 $a(EBL)1592931 035 $a(SSID)ssj0001066614 035 $a(PQKBManifestationID)11681633 035 $a(PQKBTitleCode)TC0001066614 035 $a(PQKBWorkID)11072577 035 $a(PQKB)10062249 035 $a(DE-He213)978-1-4614-9035-7 035 $a(MiAaPQ)EBC1592931 035 $a(PPN)176100350 035 $a(EXLCZ)993710000000031189 100 $a20131126d2013 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aHandbook of Risk Management in Energy Production and Trading /$fedited by Raimund M. Kovacevic, Georg Ch. Pflug, Maria Teresa Vespucci 205 $a1st ed. 2013. 210 1$aNew York, NY :$cSpringer US :$cImprint: Springer,$d2013. 215 $a1 online resource (506 p.) 225 1 $aInternational Series in Operations Research & Management Science,$x0884-8289 ;$v199 300 $aDescription based upon print version of record. 311 $a1-4614-9034-0 327 $aEnergy Markets -- Introduction to Price Models for Energy -- Price Dynamics in Electricity Markets -- Price-Driven Hydropower Dispatch Under Uncertainty -- On Cutting Plane Algorithms and Dynamic Programming for Hydroelectricity Generation -- Medium-Term Operational Planning for Hydrothermal Systems -- Stochastic Optimization of Power Generation and Storage Management in a Market Environment -- Risk Measures in Multi-horizon Scenario Trees -- Controlled Islanding as Robust Operator Response under Uncertainty -- Complementarity and Game-theoretical Models for Equilibria in Energy Markets: Deterministic and Risk-averse Formulations -- Optimal Planning and Economic Evaluation of Trigeneration Districts -- Renewable Energy and its Impact on Power Markets -- Copula-Based Hedge ratios for Renewable Power Generation -- Investment in Stochastic Electricity-Production Facilities -- Pricing of Energy Contracts: From Replication Pricing to Swing Options -- Energy Derivatives with Volume Controls -- Risk Hedging Strategies under Energy System and Climate Policy Uncertainties -- Comparative Assessment of Accident Risks in the Energy Sector. 330 $aThis book presents an overview of the risks involved in modern electricity production, delivery and trading, including technical risk in production, transportation and delivery, operational risk for the system operators, market risks for traders, and political and other long term risks in strategic management.  Using decision making under uncertainty as a methodological background, the book is divided into four parts, with Part I focusing on energy markets, particularly electricity markets.  Topics include a nontechnical overview of energy markets and their main properties, basic price models for energy commodity prices, and modeling approaches for electricity price processes. Part II looks at optimal decisions in managing energy systems, including hydropower dispatch models, cutting plane algorithms and approximative dynamic programming; hydro-thermal production; renewable; stochastic investments and operational optimization models for natural gas transport; decision making in operating electricity networks; and investment in extending energy production systems. Part III explores pricing, including electricity swing options and the pricing of derivatives with volume control.  Part IV looks at long-term and political risks, including energy systems under aspects of climate change, and catastrophic operational risks, particularly risks from terrorist attacks. 410 0$aInternational Series in Operations Research & Management Science,$x0884-8289 ;$v199 606 $aOperations research 606 $aDecision making 606 $aEnergy systems 606 $aEnergy policy 606 $aEnergy and state 606 $aOperations Research/Decision Theory$3https://scigraph.springernature.com/ontologies/product-market-codes/521000 606 $aEnergy Systems$3https://scigraph.springernature.com/ontologies/product-market-codes/115000 606 $aEnergy Policy, Economics and Management$3https://scigraph.springernature.com/ontologies/product-market-codes/112000 615 0$aOperations research. 615 0$aDecision making. 615 0$aEnergy systems. 615 0$aEnergy policy. 615 0$aEnergy and state. 615 14$aOperations Research/Decision Theory. 615 24$aEnergy Systems. 615 24$aEnergy Policy, Economics and Management. 676 $a333.79068 702 $aKovacevic$b Raimund M$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aPflug$b Georg Ch$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aVespucci$b Maria Teresa$4edt$4http://id.loc.gov/vocabulary/relators/edt 906 $aBOOK 912 $a9910438087703321 996 $aHandbook of Risk Management in Energy Production and Trading$92530605 997 $aUNINA