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Springer Decision Making Under Uncertainty in Electricity Markets - Springer

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£249.99 £244.49 £245.69 £246.89 £248.09 £249.29 £250.49 29 July 2026 17 August 2026 05 September 2026 24 September 2026 14 October 2026
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Description

Decision Making Under Uncertainty in Electricity Markets is a comprehensive resource from Springer that equips electricity market agents with stochastic programming models and practical procedures for navigating market complexity. This book addresses the critical challenge of making informed decisions in volatile energy markets by providing robust techniques grounded in established operational research methods. Electricity producers gain access to offering strategies for pool participation and futures market contracting, whilst retailers discover methods for determining competitive selling prices and optimising energy procurement across multiple channels including pools, futures markets, and bilateral contracts. The procedures outlined are designed to be both efficient and reliable, helping market participants manage risk and maximise returns in the uncertainty inherent to electricity trading. Part of the International Series in Operations Research & Management Science volume 153, this reference combines theoretical foundations with practical applications for real-world market decision-making.

Key Features

Stochastic programming models enable electricity producers to develop robust offering strategies for pool and futures market participation.

Retailers utilise the book's techniques to determine optimal selling prices and energy procurement strategies across multiple market channels.

Decision-making procedures rely on well-established operational research methods to ensure efficiency and reliability under market uncertainty.

The Springer publication provides practical frameworks for both producers and retailers to manage risk in volatile electricity markets.

Volume 153 in the International Series in Operations Research & Management Science integrates theoretical concepts with actionable market strategies.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
17 September 2010
Listed Since
16 July 2010

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