|
" Price-Based Commitment Decisions in the Electricity Market "
by Eric Allen, Marija Ilić.
| Document Type
|
:
|
BL
|
| Record Number
|
:
|
573226
|
| Doc. No
|
:
|
b402445
|
| Main Entry
|
:
|
Allen, Eric.
|
| Title & Author
|
:
|
Price-Based Commitment Decisions in the Electricity Market\ by Eric Allen, Marija Ilić.
|
| Publication Statement
|
:
|
London :: Springer London :: Imprint: Springer,, 1999.
|
| Series Statement
|
:
|
Advances in Industrial Control,
|
| ISBN
|
:
|
9781447105718
|
|
|
:
|
: 9781447111627
|
| Contents
|
:
|
Introduction -- The Unit Commitment Problem -- Unit Commitment in a Deregulated Environment -- Survey of the Dynamic Programming Formulation -- Unit Commitment for an Individual Power Producer -- Price Process of Electricity -- Computational Complexity of Unit Commitment -- Forward Contracts and Futures -- Reserve Markets for Power System Reliability -- Unit Commitment in Congested Transmission Systems.
|
| Abstract
|
:
|
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.
|
| Subject
|
:
|
Engineering.
|
| Subject
|
:
|
Engineering economy.
|
| Added Entry
|
:
|
Ilić, Marija.
|
| Added Entry
|
:
|
SpringerLink (Online service)
|
| |