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Integrating Renewables in Electricity Markets

Integrating Renewables in Electricity Markets Author Juan M. Morales
ISBN-10 9781461494119
Release 2013-12-03
Pages 429
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This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.



Big Data in Engineering Applications

Big Data in Engineering Applications Author Sanjiban Sekhar Roy
ISBN-10 9789811084768
Release 2018-05-02
Pages 384
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This book presents the current trends, technologies, and challenges in Big Data in the diversified field of engineering and sciences. It covers the applications of Big Data ranging from conventional fields of mechanical engineering, civil engineering to electronics, electrical, and computer science to areas in pharmaceutical and biological sciences. This book consists of contributions from various authors from all sectors of academia and industries, demonstrating the imperative application of Big Data for the decision-making process in sectors where the volume, variety, and velocity of information keep increasing. The book is a useful reference for graduate students, researchers and scientists interested in exploring the potential of Big Data in the application of engineering areas.



Decision Making Under Uncertainty in Electricity Markets

Decision Making Under Uncertainty in Electricity Markets Author Antonio J. Conejo
ISBN-10 1441974210
Release 2010-09-08
Pages 542
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Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.



The Power of Renewables

The Power of Renewables Author Policy and Global Affairs
ISBN-10 9780309160001
Release 2010-12-29
Pages 256
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The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.



Storing Energy

Storing Energy Author Trevor M. Letcher
ISBN-10 9780128034491
Release 2016-04-11
Pages 590
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Energy Storage discusses the needs of the world’s future energy and climate change policies, covering the various types of renewable energy storage in one comprehensive volume that allows readers to conveniently compare the different technologies and find the best process that suits their particularly needs. Each chapter is written by an expert working in the field and includes copious references for those wishing to study the subject further. Various systems are discussed, including mechanical/kinetic, thermal, electrochemical and other chemical, as well as other emerging technologies. Incorporating the advancements in storing energy as described in this book will help the people of the world further overcome the problems related to future energy and climate change. Covers most types of energy storage that is being considered today, and allows comparisons to be made Each chapter is written by a world expert in the field, providing the latest developments is this fast moving and vital field Covers technical, environmental, social and political aspects related to the storing of energy and in particular renewable energy



Bayesian Statistics and Marketing

Bayesian Statistics and Marketing Author Peter E. Rossi
ISBN-10 9780470863688
Release 2012-05-14
Pages 368
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The past decade has seen a dramatic increase in the use of Bayesian methods in marketing due, in part, to computational and modelling breakthroughs, making its implementation ideal for many marketing problems. Bayesian analyses can now be conducted over a wide range of marketing problems, from new product introduction to pricing, and with a wide variety of different data sources. Bayesian Statistics and Marketing describes the basic advantages of the Bayesian approach, detailing the nature of the computational revolution. Examples contained include household and consumer panel data on product purchases and survey data, demand models based on micro-economic theory and random effect models used to pool data among respondents. The book also discusses the theory and practical use of MCMC methods. Written by the leading experts in the field, this unique book: Presents a unified treatment of Bayesian methods in marketing, with common notation and algorithms for estimating the models. Provides a self-contained introduction to Bayesian methods. Includes case studies drawn from the authors’ recent research to illustrate how Bayesian methods can be extended to apply to many important marketing problems. Is accompanied by an R package, bayesm, which implements all of the models and methods in the book and includes many datasets. In addition the book’s website hosts datasets and R code for the case studies. Bayesian Statistics and Marketing provides a platform for researchers in marketing to analyse their data with state-of-the-art methods and develop new models of consumer behaviour. It provides a unified reference for cutting-edge marketing researchers, as well as an invaluable guide to this growing area for both graduate students and professors, alike.



Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems

Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems Author Mohamed Abdelaziz Mohamed
ISBN-10 9783319647951
Release 2017-09-05
Pages 75
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This book presents a comprehensive definition of smart grids and their benefits, and compares smart and traditional grids. It also introduces a design methodology for stand-alone hybrid renewable energy system with and without applying the smart grid concepts for comparison purposes. It discusses using renewable energy power plants to feed loads in remote areas as well as in central power plants connected to electric utilities. Smart grid concepts used in the design of the hybrid renewable power systems can reduce the size of components, which can be translated to a reduction in the cost of generated energy. The proposed hybrid renewable energy system includes wind, photovoltaic, battery, and diesel, and is used initially to feed certain loads, covering the load required completely. The book introduces a novel methodology taking the smart grid concept into account by dividing the loads into high and low priority parts. The high priority part should be supplied at any generated conditions. However, the low priority loads can be shifted to the time when the generated energy from renewable energy sources is greater than the high priority loads requirements. The results show that the use of this smart grid concept reduces the component size and the cost of generated energy compared to that without dividing the loads. The book also describes the use of smart optimization techniques like particle swarm optimization (PSO) and genetic algorithm (GA) to optimally design the hybrid renewable energy system. This book provides an excellent background to renewable energy sources, optimal sizing and locating of hybrid renewable energy sources, the best optimization methodologies for sizing and designing the components of hybrid renewable energy systems, and offers insights into using smart grid concepts in the system’s design and sizing. It also helps readers understand the dispatch methodology and how to connect the system’s different components, their modeling, and the cost analysis of the system.



Distributed Generation and Its Implications for the Utility Industry

Distributed Generation and Its Implications for the Utility Industry Author Fereidoon P. Sioshansi
ISBN-10 0128002409
Release 2014-06-23
Pages 552
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Distributed Generation and its Implications for the Utility Industry examines the current state of the electric supply industry; the upstream and downstream of the meter; the various technological, business, and regulatory strategies; and case studies that look at a number of projects that put new models into practice. A number of powerful trends are beginning to affect the fundamentals of the electric utility business as we know it. Recent developments have led to a fundamental re-thinking of the electric supply industry and its traditional method of measuring consumption on a volumetric basis. These developments include decreasing electricity demand growth; the rising cost of fossil fuels and its impact on electricity costs; investment in energy efficiency; increasing numbers of prosumers who generate for some or all of their own needs; and market reforms. This book examines the implications of these trends in chapters focusing on distributed and decentralized generation, transactive energy, the role of electric vehicles, any much more. Discusses the technological, business, and policy trends most impacting the electric utility sector Provides an assessment of how fast and how soon distributed energy resources may make an impact on utility sales/revenues Explores, through a series of international case studies, the implementation of strategies that may help retain the viability of the utility industry Features contributions from a number of scholars, academics, experts and practitioners from different parts of the world focused on examining the future of the electric supply industry



Handbook Of Renewable Energy Technology

Handbook Of Renewable Energy Technology Author Zobaa Ahmed F
ISBN-10 9789814466547
Release 2011-01-26
Pages 876
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Effects of environmental, economic, social, political and technical factors have led to the rapid deployment of various sources of renewable energy-based power generation. The incorporation of these generation technologies have led to the development of a broad array of new methods and tools to integrate this new form of generation into the power system network. This book, arranged into six sections, highlights various renewable energy based generation technologies, and consists a series of papers written by experts in their respective fields of specialization.The Handbook of Renewable Energy Technology will be of great practical benefit to professionals, scientists and researchers in the relevant industries, and will be of interest to those of the general public wanting to know more about renewable energy technologies.



Complementarity Modeling in Energy Markets

Complementarity Modeling in Energy Markets Author Steven A. Gabriel
ISBN-10 9781441961235
Release 2012-07-20
Pages 630
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This addition to the ISOR series introduces complementarity models in a straightforward and approachable manner and uses them to carry out an in-depth analysis of energy markets, including formulation issues and solution techniques. In a nutshell, complementarity models generalize: a. optimization problems via their Karush-Kuhn-Tucker conditions b. on-cooperative games in which each player may be solving a separate but related optimization problem with potentially overall system constraints (e.g., market-clearing conditions) c. conomic and engineering problems that aren’t specifically derived from optimization problems (e.g., spatial price equilibria) d. roblems in which both primal and dual variables (prices) appear in the original formulation (e.g., The National Energy Modeling System (NEMS) or its precursor, PIES). As such, complementarity models are a very general and flexible modeling format. A natural question is why concentrate on energy markets for this complementarity approach? s it turns out, energy or other markets that have game theoretic aspects are best modeled by complementarity problems. The reason is that the traditional perfect competition approach no longer applies due to deregulation and restructuring of these markets and thus the corresponding optimization problems may no longer hold. Also, in some instances it is important in the original model formulation to involve both primal variables (e.g., production) as well as dual variables (e.g., market prices) for public and private sector energy planning. Traditional optimization problems can not directly handle this mixing of primal and dual variables but complementarity models can and this makes them all that more effective for decision-makers.



Independent Power Projects in Sub Saharan Africa

Independent Power Projects in Sub Saharan Africa Author Anton Eberhard
ISBN-10 9781464808012
Release 2016-04-18
Pages 382
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Inadequate electricity services pose a major impediment to reducing extreme poverty and boosting shared prosperity in Sub-Saharan Africa. Simply put, Africa does not have enough power. Despite the abundant low-carbon and low-cost energy resources available to Sub-Saharan Africa, the region s entire installed electricity capacity, at a little over 80 GW, is equivalent to that of the Republic of Korea. Looking ahead, Sub-Saharan Africa will need to ramp-up its power generation capacity substantially. The investment needed to meet this goal largely exceeds African countries already stretched public finances. Increasing private investment is critical to help expand and improve electricity supply. Historically, most private sector finance has been channeled through privately financed independent power projects (IPP), supported by nonrecourse or limited recourse loans, with long-term power purchase agreements with the state utility or another off-taker. Between 1990 and 2014, IPPs have spread across Sub-Saharan Africa and are now present in 17 countries. Currently, there are 125 IPPs, with an overall installed capacity of 10.7 GW and investments of $24.6 billion. However, private investment could be much greater and less concentrated. South Africa alone accounts for 67 IPPs, 4.3 GW of capacity and $14.4 billion of investments; the remaining projects are concentrated in a handful of countries. The objective of this study is to evaluate the experience of IPPs and identify lessons that can help African countries attract more and better private investment. At the core of this analysis is a reflection on whether IPPs have in fact benefited Sub-Saharan Africa, and how they might be improved. The analysis is based primarily on in depth case studies, carried out in five countries, including Kenya, Nigeria, South Africa, Tanzania and Uganda, which not only have the most numerous but also among the most extensive experience with IPPs.



Renewable Energy in Power Systems

Renewable Energy in Power Systems Author Leon Freris
ISBN-10 0470988940
Release 2008-09-15
Pages 300
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Renewable Energy (RE) sources differ from conventional sources in that, generally they cannot be scheduled, they are much smaller than conventional power stations and are often connected to the electricity distribution system rather than the transmission system. The integration of such time variable ‘distributed’ or ‘embedded’ sources into electricity networks requires special consideration. This new book addresses these special issues and covers the following: The characteristics of conventional and RE generators with particular reference to the variable nature of RE from wind, solar, small hydro and marine sources over time scales ranging from seconds to months The power balance and frequency stability in a network with increasing inputs from variable sources and the technical and economic implications of increased penetration from such sources with special reference to demand side management The conversion of energy into electricity from RE sources and the type and characteristics of generators used The requirement to condition the power from RE sources and the type and mode of operation of the power electronic converters used to interface such generators to the grid The flow of power over networks supplied from conventional plus RE sources with particular reference to voltage control and protection The economics and trading of ‘green’ electricity in national and international deregulated markets The expected developments in RE technology and the future shape of power systems where the penetration from RE sources is large and where substantial operational and control benefits will be derived from extensive use of power electronic interfaces and controllers The text is designed to be intelligible to readers who have little previous knowledge of electrical engineering. The more analytical electrical aspects are relegated to an Appendix for readers who wish to gain a more in depth understanding. The book’s flexible structure makes its accessible to the general engineer or scientists but also caters for readers with a non-scientific background. Economists, planners and environmental specialists will find parts of the book informative.



Enhancing the Resilience of the Nation s Electricity System

Enhancing the Resilience of the Nation s Electricity System Author National Academies of Sciences, Engineering, and Medicine
ISBN-10 9780309463072
Release 2017-10-25
Pages 170
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Americans’ safety, productivity, comfort, and convenience depend on the reliable supply of electric power. The electric power system is a complex “cyber-physical†system composed of a network of millions of components spread out across the continent. These components are owned, operated, and regulated by thousands of different entities. Power system operators work hard to assure safe and reliable service, but large outages occasionally happen. Given the nature of the system, there is simply no way that outages can be completely avoided, no matter how much time and money is devoted to such an effort. The system’s reliability and resilience can be improved but never made perfect. Thus, system owners, operators, and regulators must prioritize their investments based on potential benefits. Enhancing the Resilience of the Nation’s Electricity System focuses on identifying, developing, and implementing strategies to increase the power system’s resilience in the face of events that can cause large-area, long-duration outages: blackouts that extend over multiple service areas and last several days or longer. Resilience is not just about lessening the likelihood that these outages will occur. It is also about limiting the scope and impact of outages when they do occur, restoring power rapidly afterwards, and learning from these experiences to better deal with events in the future.



Planning Production and Inventories in the Extended Enterprise

Planning Production and Inventories in the Extended Enterprise Author Karl G Kempf
ISBN-10 1441981918
Release 2011-03-23
Pages 588
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In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps. Included in Volume 1 are papers on the Historical Foundations of Manufacturing Planning and Control; Advanced Planning and Scheduling Systems; Sustainable Product Development and Manufacturing; Uncertainty and Production Planning; Demand Forecasting; Production Capacity; Data in Production and Supply Chain Planning; Financial Uncertainty in SC Models; Field Based Research in Production Control; Collaborative SCM; Sequencing and Coordination in Outsourcing and Subcontracting Operations; Inventory Management; Pricing, Variety and Inventory Decisions for Substitutable Items; Perishable and Aging Inventories; Optimization Models of Production Planning Problems; Aggregate Modeling of Manufacturing Systems; Robust Stability Analysis of Decentralized Supply Chains; Simulation in Production Planning; and Simulation-Optimization in Support of Tactical and Strategic Enterprise Decisions. Included in Volume 2 are papers on Workload and Lead-Time Considerations under Uncertainty; Production Planning and Scheduling; Production Planning Effects on Dynamic Behavior of A Simple Supply Chain; Supply and Demand in Assemble-to-Order Supply Chains; Quantitative Risk Assessment in Supply Chains; A Practical Multi-Echelon Inventory Model with Semiconductor Application; Supplier Managed Inventory for Custom Items with Long Lead Times; Decentralized Supply Chain Formation; A Cooperative Game Approach to Procurement Network Formation; Flexible SC Contracts with Options; Build-to-Order Meets Global Sourcing for the Auto Industry; Practical Modeling in Automotive Production; Discrete Event Simulation Models; Diagnosing and Tuning a Statistical Forecasting System; Enterprise-Wide SC Planning in Semiconductor and Package Operations; Production Planning in Plastics; SC Execution Using Predictive Control; Production Scheduling in The Pharmaceutical Industry; Computerized Scheduling for Continuous Casting in Steelmaking; and Multi-Model Production Planning and Scheduling in an Industrial Environment.



Wind Power in Power Systems

Wind Power in Power Systems Author Thomas Ackermann
ISBN-10 9781119942085
Release 2012-04-23
Pages 1120
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The second edition of the highly acclaimed Wind Power in Power Systems has been thoroughly revised and expanded to reflect the latest challenges associated with increasing wind power penetration levels. Since its first release, practical experiences with high wind power penetration levels have significantly increased. This book presents an overview of the lessons learned in integrating wind power into power systems and provides an outlook of the relevant issues and solutions to allow even higher wind power penetration levels. This includes the development of standard wind turbine simulation models. This extensive update has 23 brand new chapters in cutting-edge areas including offshore wind farms and storage options, performance validation and certification for grid codes, and the provision of reactive power and voltage control from wind power plants. Key features: Offers an international perspective on integrating a high penetration of wind power into the power system, from basic network interconnection to industry deregulation; Outlines the methodology and results of European and North American large-scale grid integration studies; Extensive practical experience from wind power and power system experts and transmission systems operators in Germany, Denmark, Spain, UK, Ireland, USA, China and New Zealand; Presents various wind turbine designs from the electrical perspective and models for their simulation, and discusses industry standards and world-wide grid codes, along with power quality issues; Considers concepts to increase penetration of wind power in power systems, from wind turbine, power plant and power system redesign to smart grid and storage solutions. Carefully edited for a highly coherent structure, this work remains an essential reference for power system engineers, transmission and distribution network operator and planner, wind turbine designers, wind project developers and wind energy consultants dealing with the integration of wind power into the distribution or transmission network. Up-to-date and comprehensive, it is also useful for graduate students, researchers, regulation authorities, and policy makers who work in the area of wind power and need to understand the relevant power system integration issues.



Advances in Energy System Optimization

Advances in Energy System Optimization Author Valentin Bertsch
ISBN-10 9783319517957
Release 2017-04-15
Pages 245
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The papers presented in this volume address diverse challenges in energy systems, ranging from operational to investment planning problems, from market economics to technical and environmental considerations, from distribution grids to transmission grids and from theoretical considerations to data provision concerns and applied case studies. The International Symposium on Energy System Optimization (ISESO) was held on November 9th and 10th 2015 at the Heidelberg Institute for Theoretical Studies (HITS) and was organized by HITS, Heidelberg University and Karlsruhe Institute of Technology.



Service Science

Service Science Author Robin G. Qiu
ISBN-10 9781118551851
Release 2014-07-03
Pages 336
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Features coverage of the service systems lifecycle, including service marketing, engineering, delivery, quality control, management, and sustainment Featuring an innovative and holistic approach, Service Science: The Foundations of Service Engineering and Management provides a new perspective of service research and practice. The book presents a practical approach to the service systems lifecycle framework, which aids in understanding and capturing market trends; analyzing the design and engineering of service products and delivery networks; executing service operations; and controlling and managing the service lifecycles for competitive advantage. Utilizing a combined theoretical and practical approach to discuss service science, Service Science: The Foundations of Service Engineering and Management also features: Case studies to illustrate how the presented theories and design principles are applied in practice to the definitions of fundamental service laws, including service interaction and socio-technical natures Computational thinking and system modeling such as abstraction, digitalization, holistic perspectives, and analytics Plentiful examples of service organizations such as automobile after-sale services, global project management networks, and express delivery services An interdisciplinary emphasis that includes integrated approaches from the fields of mathematics, engineering, industrial engineering, business, operations research, and management science A detailed analysis of the key concepts and body of knowledge for readers to master the foundations of service management Service Science: The Foundations of Service Engineering and Management is an ideal reference for practitioners in the contemporary service engineering and management field as well as researchers in applied mathematics, statistics, business/management science, operations research, industrial engineering, and economics. The book is also appropriate as a text for upper-undergraduate and graduate-level courses in industrial engineering, operations research, and management science as well as MBA students studying service management.