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The IMA Volumes in Mathematics and its Applications

Decision Making Under Uncertainty

Energy and Power

Editors: Greengard, Claude, Ruszczynski, Andrzej (Eds.)

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  • ISBN 978-1-4684-9256-9
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Hardcover $179.99
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  • ISBN 978-0-387-95465-3
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Softcover $169.99
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  • ISBN 978-1-4419-3014-9
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About this book

In 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.

Table of contents (7 chapters)

Table of contents (7 chapters)
  • Stochastic Programming Models: Wait-and-See Versus Here-and-Now

    Pages 1-15

    Wets, Roger J-B.

  • Optimal Stimulation of Oil Production

    Pages 17-37

    Burridge, Robert (et al.)

  • Power Management in a Hydro-Thermal System under Uncertainty by Lagrangian Relaxation

    Pages 39-70

    Gröwe-Kuska, Nicole (et al.)

  • Hedging Electricity Portfolios via Stochastic Programming

    Pages 71-93

    Fleten, Stein-Erik (et al.)

  • Opportunities for Stochastic and Probabilistic Modeling in the Deregulated Electricity Industry

    Pages 95-113

    Jacobs, Jonathan M. (et al.)

Buy this book

eBook $129.00
price for USA in USD (gross)
  • ISBN 978-1-4684-9256-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.99
price for USA in USD
  • ISBN 978-0-387-95465-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $169.99
price for USA in USD
  • ISBN 978-1-4419-3014-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Decision Making Under Uncertainty
Book Subtitle
Energy and Power
Editors
  • Claude Greengard
  • Andrzej Ruszczynski
Series Title
The IMA Volumes in Mathematics and its Applications
Series Volume
128
Copyright
2002
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4684-9256-9
DOI
10.1007/978-1-4684-9256-9
Hardcover ISBN
978-0-387-95465-3
Softcover ISBN
978-1-4419-3014-9
Series ISSN
0940-6573
Edition Number
1
Number of Pages
X, 164
Topics