Opportunities for stochastic and probabilistic modeling in the deregulated electricity industry
The authors present different mathematical models to be, or being, used in the management of the electric industry. They present a survey of the most common models. They also discuss different aspects of modeling and the need of including uncertainty in them. Some specific markets (UK, North Eastern and Southern USA, California, Norway etc.) are analyzed. The fact that the trader works under uncertainty is discussed and modeled. A similar treatment is used when the speculative traders, retailers and investors are analyzed. For the entire collection see [Zbl 0990.00072].
- A survey of stochastic modelling approaches for liberalised electricity markets
- Uncertainty in the electric power industry. Methods and models for decision support
- Decision making under uncertainty in electricity markets
- A stochastic network equilibrium model for electric power markets with uncertain demand
- Oligopoly models for market price of electricity under demand uncertainty and unit reliability
- Uncertainty in the electric power industry. Methods and models for decision support
- Stochastic programming: potential hazards when random variables reflect market interaction
- Deregulation in electricity: understanding strategic and regulatory risk
- A survey of stochastic modelling approaches for liberalised electricity markets
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