Financial risk management in restructured wholesale power markets: Concepts and tools

Thumbnail Image
Date
2010-01-01
Authors
Yu, Nanpeng
Somani, Abhishek
Tesfatsion, Leigh
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Person
Tesfatsion, Leigh
Professor Emeritus
Research Projects
Organizational Units
Organizational Unit
Organizational Unit
Organizational Unit
Mathematics
Welcome to the exciting world of mathematics at Iowa State University. From cracking codes to modeling the spread of diseases, our program offers something for everyone. With a wide range of courses and research opportunities, you will have the chance to delve deep into the world of mathematics and discover your own unique talents and interests. Whether you dream of working for a top tech company, teaching at a prestigious university, or pursuing cutting-edge research, join us and discover the limitless potential of mathematics at Iowa State University!
Journal Issue
Is Version Of
Versions
Series
Department
EconomicsElectrical and Computer EngineeringMathematics
Abstract

The goal of this tutorial is three-fold: to facilitate cross-disciplinary communication among power engineers and economists by explaining and illustrating basic financial risk management concepts relevant for wholesale power markets (WPMs); to illustrate the complicated and risky strategic decision making required of power traders and risk managers operating in multiple interrelated submarkets comprising modern WPMs; and to briefly discuss the potential of agent-based modeling for the study of this decision making.

Comments

© 2010 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. DOI: 10.1109/PES.2010.5589886

Description
Keywords
Citation
DOI
Copyright
Fri Jan 01 00:00:00 UTC 2010