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MARC 21

Decision Making Under Uncertainty: Energy and Power /
Tag	Description
020	$a9781468492569$9978-1-4684-9256-9
082	$a003.3$223
099	$aOnline resource: Springer
245	$aDecision Making Under Uncertainty$h[EBook] :$bEnergy and Power /$cedited by Claude Greengard, Andrzej Ruszczynski.
260	$aNew York, NY :$bSpringer New York,$c2002.
300	$aX, 164 p.$bonline resource.
336	$atext$btxt$2rdacontent
337	$acomputer$bc$2rdamedia
338	$aonline resource$bcr$2rdacarrier
440	$aThe IMA Volumes in Mathematics and its Applications,$x0940-6573 ;$v128
505	$aStochastic programming models: wait-and-see versus here-and-now -- Optimal stimulation of oil production -- Power management in a hydro-thermal system under uncertainty by Lagrangian relaxation -- Hedging electricity portfolios via stochastic programming -- Opportunities for stochastic and probabilistic modeling in the deregulated electricity industry -- On supply function bidding in electricity markets -- Qualitative implications of uncertainty in economic equilibrium models -- List of workshop participants.
520	$aIn the ideal world, major decisions would be made based on complete and reliable information available to the decision maker. We live in a world of uncertainties, and decisions must be made from information which may be incomplete and may contain uncertainty. The key mathematical question addressed in this volume is "how to make decision in the presence of quantifiable uncertainty." The volume contains articles on model problems of decision making process in the energy and power industry when the available information is noisy and/or incomplete. The major tools used in studying these problems are mathematical modeling and optimization techniques; especially stochastic optimization. These articles are meant to provide an insight into this rapidly developing field, which lies in the intersection of applied statistics, probability, operations research, and economic theory. It is hoped that the present volume will provide entry to newcomers into the field, and stimulation for further research.
538	$aOnline access to this digital book is restricted to subscription institutions through IP address (only for SISSA internal users)
700	$aGreengard, Claude.$eeditor.
700	$aRuszczynski, Andrzej.$eeditor.
710	$aSpringerLink (Online service)
830	$aThe IMA Volumes in Mathematics and its Applications,$x0940-6573 ;$v128
856	$uhttp://dx.doi.org/10.1007/978-1-4684-9256-9