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Risk-Based Energy Management

Risk-Based Energy Management
DC, AC and Hybrid AC-DC Microgrids

by Sayyad Nojavan,Mahdi Shafieezadeh,Noradin Ghadimi

  • Publisher : Academic Press
  • Release : 2019-07-20
  • Pages : 294
  • ISBN : 0128174927
  • Language : En, Es, Fr & De
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Risk-Based Energy Management: DC, AC and Hybrid AC-DC Microgrids defines the problems and challenges of DC, AC and hybrid AC-DC microgrids and considers the right tactics and risk-based scheduling to tackle them. The book looks at the intermittent nature of renewable generation, demand and market price with the risk to DC, AC and hybrid AC-DC microgrids, which makes it relevant for anyone in renewable energy demand and supply. As utilization of distributed energy resources and the intermittent nature of renewable generations, demand and market price can put the operation of DC, AC and hybrid AC-DC microgrids at risk, this book presents a timely resource. Discusses both the challenges and solutions surrounding DC, AC and hybrid AC-DC microgrids Proposes robust scheduling of DC, AC and hybrid AC-DC microgrids under uncertain environments Includes modeling upstream grid prices, renewable resources and intermittent load in the decision-making process of DC, AC and hybrid AC-DC microgrids

Robust Energy Procurement of Large Electricity Consumers

Robust Energy Procurement of Large Electricity Consumers
A Book

by Sayyad Nojavan,Mahdi Shafieezadeh,Noradin Ghadimi

  • Publisher : Springer
  • Release : 2018-12-11
  • Pages : 254
  • ISBN : 3030032299
  • Language : En, Es, Fr & De
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This book identifies the challenges faced by large electricity consumers when they use several sources to procure their energy. The huge penetration of distributed energy resources and the intermittent nature of renewables can put the operations of the large electricity consumer at risk. The book discusses the different types of energy sources including the pool market, bilateral contracts, electrical vehicles, energy storage systems, and demand response programs in detail and presents solutions for robust and risk based scheduling. The author provides models for determining and considering uncertainties and optimal bidding strategies. The book is useful to engineers and students involved in the integration of various energy types as well as those working in state and federal governmental organizations who regulate different aspects of electricity market operation and planning. Presents solutions for robust and risk based scheduling; Discusses the operation and planning of energy storage systems; Presents the most-up-to-date technological approaches to energy integration.

Handbook of Risk Management in Energy Production and Trading

Handbook of Risk Management in Energy Production and Trading
A Book

by Raimund M. Kovacevic,Georg Ch. Pflug,Maria Teresa Vespucci

  • Publisher : Springer Science & Business Media
  • Release : 2013-11-27
  • Pages : 505
  • ISBN : 1461490359
  • Language : En, Es, Fr & De
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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.

Federal Energy Management

Federal Energy Management
GSA's Recovery Act Program Is on Track, But Opportunities Exist to Improve Transparency, Performance Criteria, and Risk Management

by Terrell G. Dorn

  • Publisher : DIANE Publishing
  • Release : 2010-10
  • Pages : 55
  • ISBN : 1437935087
  • Language : En, Es, Fr & De
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The Amer. Recovery and Reinvest. Act of 2009 (ARRA) provided the Gen. Serv. Admin. (GSA) with $5.55 billion to invest in fed. buildings and promote economic recovery. This funding includes $4.5 billion to convert buildings to high-performance green buildings (HPGB), which seek to reduce energy and water use. This report addresses the: (1) steps GSA has taken to implement the program and make its ARRA projects transparent to the public; (2) extent to which GSA¿s ARRA projects are helping the agency convert buildings to HPGB and addressing fed. energy and water conservation requirements and goals; and (3) extent to which GSA has identified potential risks to its ARRA program and developed strategies to mitigate those risks. Charts and tables.

Energy and Power Risk Management

Energy and Power Risk Management
New Developments in Modeling, Pricing, and Hedging

by Alexander Eydeland,Krzysztof Wolyniec

  • Publisher : John Wiley & Sons
  • Release : 2003-02-03
  • Pages : 504
  • ISBN : 0471455873
  • Language : En, Es, Fr & De
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Praise for Energy and Power Risk Management "Energy and Power Risk Management identifies and addresses the keyissues in the development of the turbulent energy industry and thechallenges it poses to market players. An insightful andfar-reaching book written by two renowned professionals." -Helyette Geman, Professor of Finance University Paris Dauphine and ESSEC "The most up-to-date and comprehensive book on managing energyprice risk in the natural gas and power markets. An absoluteimperative for energy traders and energy risk managementprofessionals." -Vincent Kaminski, Managing Director Citadel Investment Group LLC "Eydeland and Wolyniec's work does an excellent job of outliningthe methods needed to measure and manage risk in the volatileenergy market." -Gerald G. Fleming, Vice President, Head of East Power Trading, TXUEnergy Trading "This book combines academic rigor with real-world practicality. Itis a must-read for anyone in energy risk management or assetvaluation." -Ron Erd, Senior Vice President American Electric Power

Machine Learning for Energy Systems

Machine Learning for Energy Systems
A Book

by Denis Sidorov

  • Publisher : MDPI
  • Release : 2020-12-08
  • Pages : 272
  • ISBN : 3039433822
  • Language : En, Es, Fr & De
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This volume deals with recent advances in and applications of computational intelligence and advanced machine learning methods in power systems, heating and cooling systems, and gas transportation systems. The optimal coordinated dispatch of the multi-energy microgrids with renewable generation and storage control using advanced numerical methods is discussed. Forecasting models are designed for electrical insulator faults, the health of the battery, electrical insulator faults, wind speed and power, PV output power and transformer oil test parameters. The loads balance algorithm for an offshore wind farm is proposed. The information security problems in the energy internet are analyzed and attacked using information transmission contemporary models, based on blockchain technology. This book will be of interest, not only to electrical engineers, but also to applied mathematicians who are looking for novel challenging problems to focus on.

A review of multi-criteria decision-making applications to solve energy management problems: Two decades from 1995 to 2015

A review of multi-criteria decision-making applications to solve energy management problems: Two decades from 1995 to 2015

by Abbas Mardania ,Edmundas Kazimieras Zavadskas,Zainab Khalifah,Norhayati Zakuan,Ahmad Jusoh,Khalil Md Nor,Masoumeh Khoshnoudi

  • Publisher : Infinite Study
  • Release : 2021
  • Pages : 41
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Energy management problems associated with rapid institutional, political, technical, ecological, social and economic development have been of critical concern to both national and local governments worldwide for many decades; thus, addressing such issues is a global priority.

Guidelines for Risk Based Process Safety

Guidelines for Risk Based Process Safety
A Book

by CCPS (Center for Chemical Process Safety)

  • Publisher : John Wiley & Sons
  • Release : 2011-11-30
  • Pages : 760
  • ISBN : 111820963X
  • Language : En, Es, Fr & De
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Guidelines for Risk Based Process Safety provides guidelines for industries that manufacture, consume, or handle chemicals, by focusing on new ways to design, correct, or improve process safety management practices. This new framework for thinking about process safety builds upon the original process safety management ideas published in the early 1990s, integrates industry lessons learned over the intervening years, utilizes applicable "total quality" principles (i.e., plan, do, check, act), and organizes it in a way that will be useful to all organizations - even those with relatively lower hazard activities - throughout the life-cycle of a company.

Energy Management of Internet Data Centers in Smart Grid

Energy Management of Internet Data Centers in Smart Grid
A Book

by Tao Jiang,Liang Yu,Yang Cao

  • Publisher : Springer
  • Release : 2015-01-02
  • Pages : 102
  • ISBN : 3662456761
  • Language : En, Es, Fr & De
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This book reports the latest findings on intelligent energy management of Internet data centers in smart-grid environments. The book gathers novel research ideas in Internet data center energy management, especially scenarios with cyber-related vulnerabilities, power outages and carbon emission constraints. The book will be of interest to university researchers, R&D engineers and graduate students in communication and networking areas who wish to learn the core principles, methods, algorithms, and applications of energy management of Internet data centers in smart grids.

Applied Data Analysis and Modeling for Energy Engineers and Scientists

Applied Data Analysis and Modeling for Energy Engineers and Scientists
A Book

by T. Agami Reddy

  • Publisher : Springer Science & Business Media
  • Release : 2011-08-09
  • Pages : 430
  • ISBN : 9781441996138
  • Language : En, Es, Fr & De
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Applied Data Analysis and Modeling for Energy Engineers and Scientists fills an identified gap in engineering and science education and practice for both students and practitioners. It demonstrates how to apply concepts and methods learned in disparate courses such as mathematical modeling, probability,statistics, experimental design, regression, model building, optimization, risk analysis and decision-making to actual engineering processes and systems. The text provides a formal structure that offers a basic, broad and unified perspective,while imparting the knowledge, skills and confidence to work in data analysis and modeling. This volume uses numerous solved examples, published case studies from the author’s own research, and well-conceived problems in order to enhance comprehension levels among readers and their understanding of the “processes”along with the tools.

Foundations of Energy Risk Management

Foundations of Energy Risk Management
An Overview of the Energy Sector and Its Physical and Financial Markets

by GARP (Global Association of Risk Professionals)

  • Publisher : John Wiley & Sons
  • Release : 2008-11-10
  • Pages : 140
  • ISBN : 0470421908
  • Language : En, Es, Fr & De
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GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Implementing Environmental and Resource Management

Implementing Environmental and Resource Management
A Book

by Michael Schmidt,Vincent Onyango,Dmytro Palekhov

  • Publisher : Springer Science & Business Media
  • Release : 2011-05-13
  • Pages : 317
  • ISBN : 9783540775683
  • Language : En, Es, Fr & De
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This book represents the collected works of Environmental and Resource Management (ERM) Alumni as well as young professionals and researches who are involved in the field of ERM. The connecting theme of these works is the successful implementation of ERM in a wide range of issues including: energy innovation and management, climate change response and sustainable development aspects of resource management in developing countries. This book aims to expose some of the research outputs of ERM Alumni and present perspectives and critical questions of ERM application. The research results can provide empirical bases on which ERM study programmes and/or working environments can be problematised in order to more effectively meet the objectives of ERM. The intended audience of this volume is wide including potential and current ERM students who want to understand how ERM is being applied; and teachers and researchers who want to understand the roles and interactions of ERM Alumni and their workplace.

Forest-Based Biomass Energy

Forest-Based Biomass Energy
Concepts and Applications

by Frank Spellman

  • Publisher : CRC Press
  • Release : 2011-12-07
  • Pages : 514
  • ISBN : 1439860203
  • Language : En, Es, Fr & De
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What is forest-based biomass energy and why should we care? Written by environmental expert Frank Spellman, Forest-Based Biomass Energy: Concepts and Applications details how forest biomass can be converted to energy and energy products, including direct combustion, pellets, gasification, and co-firing. It explores the possibilities of forest-based

Energy Finance and Economics

Energy Finance and Economics
Analysis and Valuation, Risk Management, and the Future of Energy

by Betty Simkins,Russell Simkins

  • Publisher : Wiley
  • Release : 2013-02-19
  • Pages : 624
  • ISBN : 1118017129
  • Language : En, Es, Fr & De
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Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.

Energy Budgets at Risk (EBaR)

Energy Budgets at Risk (EBaR)
A Risk Management Approach to Energy Purchase and Efficiency Choices

by J. Jackson

  • Publisher : John Wiley & Sons
  • Release : 2008-03-31
  • Pages : 352
  • ISBN : 9780470280218
  • Language : En, Es, Fr & De
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Energy Budgets at Risk (EBar)® provides everyone from facility energy managers and financial managers to government policy-makers and electric utilities program planners with the background information required to understand energy cost, price, efficiency, and related issues important in developing a balanced approach to facility energy risk management. Throughout the book, respected energy economist Dr. Jerry Jackson clearly shows how to reduce energy costs and increase cash flows by using risk management concepts developed in the financial industry.

Metrics and Methods for Security Risk Management

Metrics and Methods for Security Risk Management
A Book

by Carl Young

  • Publisher : Syngress
  • Release : 2010-08-21
  • Pages : 296
  • ISBN : 9781856179799
  • Language : En, Es, Fr & De
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Security problems have evolved in the corporate world because of technological changes, such as using the Internet as a means of communication. With this, the creation, transmission, and storage of information may represent security problem. Metrics and Methods for Security Risk Management is of interest, especially since the 9/11 terror attacks, because it addresses the ways to manage risk security in the corporate world. The book aims to provide information about the fundamentals of security risks and the corresponding components, an analytical approach to risk assessments and mitigation, and quantitative methods to assess the risk components. In addition, it also discusses the physical models, principles, and quantitative methods needed to assess the risk components. The by-products of the methodology used include security standards, audits, risk metrics, and program frameworks. Security professionals, as well as scientists and engineers who are working on technical issues related to security problems will find this book relevant and useful. Offers an integrated approach to assessing security risk Addresses homeland security as well as IT and physical security issues Describes vital safeguards for ensuring true business continuity

Energy Trading and Risk Management

Energy Trading and Risk Management
A Practical Approach to Hedging, Trading and Portfolio Diversification

by Iris Marie Mack

  • Publisher : John Wiley & Sons
  • Release : 2014-04-07
  • Pages : 400
  • ISBN : 1118339347
  • Language : En, Es, Fr & De
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A comprehensive overviewof trading and risk management in the energy markets Energy Trading and Risk Management provides a comprehensiveoverview of global energy markets from one of the foremostauthorities on energy derivatives and quantitative finance. With anapproachable writing style, Iris Mack breaks down the three primaryapplications for energy derivatives markets – RiskManagement, Speculation, and Investment Portfolio Diversification– in a way that hedge fund traders, consultants, and energymarket participants can apply in their day to day tradingactivities. Moving from the fundamentals ofenergy markets through simple and complex derivatives trading,hedging strategies, and industry-specific case studies, Dr. Mackwalks readers through energy trading and risk management conceptsat an instructive pace, supporting her explanations with real-worldexamples, illustrations, charts, and precise definitions ofimportant and often-misunderstood terms. From stochastic pricing modelsfor exotic derivatives, to modern portfolio theory (MPT), energyportfolio management (EPM), to case studies dealing specificallywith risk management challenges unique to wind and hydro-electricpower, the bookguides readers through the complex world of energytrading and risk management to help investors, executives, andenergy professionals ensure profitability and optimal riskmitigation in every market climate. Energy Trading and RiskManagement is a great resource to help grapple with the veryinteresting but oftentimes complex issues that arise in energytrading and risk management.

Understanding and Managing Risk in Security Systems for the DOE Nuclear Weapons Complex

Understanding and Managing Risk in Security Systems for the DOE Nuclear Weapons Complex
(Abbreviated Version)

by National Research Council,Division on Earth and Life Studies,Nuclear and Radiation Studies Board,Committee on Risk-Based Approaches for Securing the DOE Nuclear Weapons Complex

  • Publisher : National Academies Press
  • Release : 2011-05-07
  • Pages : 30
  • ISBN : 030920884X
  • Language : En, Es, Fr & De
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A nuclear weapon or a significant quantity of special nuclear material (SNM) would be of great value to a terrorist or other adversary. It might have particular value if acquired from a U.S. facility--in addition to acquiring a highly destructive tool, the adversary would demonstrate an inability of the United States to protect its nuclear assets. The United States expends considerable resources toward maintaining effective security at facilities that house its nuclear assets. However, particularly in a budget-constrained environment, it is essential that these assets are also secured efficiently, meaning at reasonable cost and imposing minimal burdens on the primary missions of the organizations that operate U.S. nuclear facilities. It is in this context that the U.S. Congress directed the National Nuclear Security Administration (NNSA)--a semi-autonomous agency in the U.S. Department of Energy (DOE) responsible for securing nuclear weapons and significant quantities of SNM--asked the National Academies for advice on augmenting its security approach, particularly on the applicability of quantitative and other risk-based approaches for securing its facilities. In carrying out its charge, the committee has focused on what actions NNSA could take to make its security approach more effective and efficient. The committee concluded that the solution to balancing cost, security, and operations at facilities in the nuclear weapons complex is not to assess security risks more quantitatively or more precisely. This is primarily because there is no comprehensive analytical basis for defining the attack strategies that a malicious, creative, and deliberate adversary might employ or the probabilities associated with them. However, using structured thinking processes and techniques to characterize security risk could improve NNSA's understanding of security vulnerabilities and guide more effective resource allocation.

Global Risk-Based Management of Chemical Additives I

Global Risk-Based Management of Chemical Additives I
Production, Usage and Environmental Occurrence

by Bernd Bilitewski,Rosa Mari Darbra,Damia Barcelo

  • Publisher : Springer Science & Business Media
  • Release : 2012-01-05
  • Pages : 290
  • ISBN : 3642248764
  • Language : En, Es, Fr & De
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Chemical additives are used to enhance the properties of many industrial products. Since their release into the environment is a potential risk for man and nature, their fate and behavior were investigated in the framework of the European Union-funded project RISKCYCLE. The results are presented in two volumes, Global Risk-Based Management of Chemical Additives I: Production, Usage and Environmental Occurrence and Global Risk-Based Management of Chemical Additives II: Risk-Based Assessment and Management Strategies. This book is the first of the two volumes and contains two main parts. The chapters of the first part provide a thorough review of the chemical additives used in the textile, plastics, lubricants, paper, leather and electronics industries, and describe the effect of each additive on the properties of the product. In the second part international case studies on the global trade of these chemicals and their impact on human health and the environment are presented. This volume is an invaluable source of information for scientists and governmental agencies dealing with the risk assessment of chemicals on a global scale.

Risk Methodologies for Technological Legacies

Risk Methodologies for Technological Legacies
A Book

by Dennis Bley,Vitaly A. Eremenko

  • Publisher : Springer Science & Business Media
  • Release : 2003-04-30
  • Pages : 366
  • ISBN : 9781402012570
  • Language : En, Es, Fr & De
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The Cold War Era left the major participants, the United States and the former Soviet Union (FSU), with large legacies in terms of both contamination and potential accidents. Facility contamination and environmental degradation, as well as the accident vulnerable facilities and equipment, are a result of weapons development, testing, and production. Although the countries face similar issues from similar activities, important differences in waste management practices make the potential environmental and health risks of more immediate concern in the FSU and Eastern Europe. In the West, most nuclear and chemical waste is stored in known contained locations, while in the East, much of the equivalent material is unconfined, contaminating the environment. In the past decade, the U.S. started to address and remediate these Cold War legacies. Costs have been very high, and the projected cost estimates for total cleanup are still increasing. Currently in Russia, the resources for starting such major activities continue to be unavailable.