A survey of stochastic modelling approaches for liberalised electricity markets

DOI10.1016/j.ejor.2009.11.007zbMath1205.91125OpenAlexW2056784518MaRDI QIDQ992645

Dominik Möst, Dogan Keles

Publication date: 9 September 2010

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2009.11.007

zbMATH Keywords

stochastic programmingstochastic processesuncertainty modellingOR in energyenergy system modelsenergy systems analysis

Mathematics Subject Classification ID

Economic time series analysis (91B84) Stochastic programming (90C15) Production models (90B30) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02)

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Uses Software

• EFOM 12C

Cites Work

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• Evolutionary techniques applied to the optimal short-term scheduling of the electrical energy production
• Short-term hydropower production planning by stochastic programming
• Valuation of Commodity-Based Swing Options
• Short-Term Generation Asset Valuation: A Real Options Approach

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