Mathematical modelling and risk management in deregulated electricity markets
In this thesis we aim to explore how electricity generation companies cope with the transition to a competitive environment in a newly deregulated electricity industry. Analyses and discussions are generally performed from the perspective of a Generator/Producer, otherwise they are undertaken with r...
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Online Access: | http://hdl.handle.net/11427/19139 |
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ndltd-netd.ac.za-oai-union.ndltd.org-uct-oai-localhost-11427-191392020-10-06T05:11:13Z Mathematical modelling and risk management in deregulated electricity markets Davis, Stephen Stewart, Theodor J Operations Research In this thesis we aim to explore how electricity generation companies cope with the transition to a competitive environment in a newly deregulated electricity industry. Analyses and discussions are generally performed from the perspective of a Generator/Producer, otherwise they are undertaken with respect to the market as a whole. The techniques used for tackling the complex issues are diverse and wide-ranging as ascertained from the existing literature on the subject. The global ideology focuses on combining two streams of thought: the production optimisation and equilibrium techniques of the old monopolistic, cost-saving industry and; the new dynamic profit-maximising and risk-mitigating competitive industry. Financial engineering in a new and poorly understood market for electrical power must now take place in conjunction with - yet also constrained by - the physical production and distribution of the commodity. 2016-04-22T13:37:29Z 2016-04-22T13:37:29Z 2005 Master Thesis Masters MSc http://hdl.handle.net/11427/19139 eng application/pdf University of Cape Town Faculty of Science Department of Statistical Sciences |
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English |
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Dissertation |
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Operations Research |
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Operations Research Davis, Stephen Mathematical modelling and risk management in deregulated electricity markets |
description |
In this thesis we aim to explore how electricity generation companies cope with the transition to a competitive environment in a newly deregulated electricity industry. Analyses and discussions are generally performed from the perspective of a Generator/Producer, otherwise they are undertaken with respect to the market as a whole. The techniques used for tackling the complex issues are diverse and wide-ranging as ascertained from the existing literature on the subject. The global ideology focuses on combining two streams of thought: the production optimisation and equilibrium techniques of the old monopolistic, cost-saving industry and; the new dynamic profit-maximising and risk-mitigating competitive industry. Financial engineering in a new and poorly understood market for electrical power must now take place in conjunction with - yet also constrained by - the physical production and distribution of the commodity. |
author2 |
Stewart, Theodor J |
author_facet |
Stewart, Theodor J Davis, Stephen |
author |
Davis, Stephen |
author_sort |
Davis, Stephen |
title |
Mathematical modelling and risk management in deregulated electricity markets |
title_short |
Mathematical modelling and risk management in deregulated electricity markets |
title_full |
Mathematical modelling and risk management in deregulated electricity markets |
title_fullStr |
Mathematical modelling and risk management in deregulated electricity markets |
title_full_unstemmed |
Mathematical modelling and risk management in deregulated electricity markets |
title_sort |
mathematical modelling and risk management in deregulated electricity markets |
publisher |
University of Cape Town |
publishDate |
2016 |
url |
http://hdl.handle.net/11427/19139 |
work_keys_str_mv |
AT davisstephen mathematicalmodellingandriskmanagementinderegulatedelectricitymarkets |
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1719348631158390784 |