Offering a re-evaluation of the power industry, this book discusses decision-making for problems where a particular decision affects the options available at the next decision time. It covers a wide range of topics, from dynamic programming to future market decisions.

Inhalt

Introduction.- The Unit Commitment Problem.- Unit Commitment in a Deregulated Environment.- Survey of the Dynamic Programming Formulation.- Unit Commitment for an Individual Power Producer.- Price Process of Electricity.- Computational Complexity of Unit Commitment.- Forward Contracts and Futures.- Reserve Markets for Power System Reliability.- Unit Commitment in Congested Transmission Systems.