Hydropower economics [electronic resource] / Finn R. Førsund.
2015
TC147 .F67 2015eb
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Details
Title
Hydropower economics [electronic resource] / Finn R. Førsund.
Author
Førsund, Finn R., author.
Edition
Second edition.
ISBN
9781489975195 electronic book
1489975195 electronic book
9781489975188
1489975195 electronic book
9781489975188
Published
New York : Springer, [2015]
Copyright
©2015
Language
English
Description
1 online resource.
Item Number
10.1007/978-1-4899-7519-5 doi
Call Number
TC147 .F67 2015eb
Dewey Decimal Classification
333.914
Summary
Hydropower Economics provides qualitative economic analyses of how to utilize stored water in a hydropower system with fixed generating capacities. The problem is dynamic because water used today to generate electric power may alternatively be used tomorrow. The distinctive feature of the book is to provide a social planning perspective on optimal use of water. This is a prerequisite for understanding and evaluating newly established electricity markets. The dynamic nature of hydropower production, the high number of units involved, and the inherent stochastic nature of inflow of water make optimization problems quite difficult technically to solve. In the engineering literature complex stochastic dynamic programming models are used and solution algorithms developed for real-life data, and numerical solutions provided. In this book a much more simplified mathematical approach suited to obtain qualitative conclusions is followed. Standard nonlinear programming models for discrete time are used and the Kuhn?Tucker conditions employed extensively for qualitative interpretations. A special graphical presentation, termed a bathtub diagram, is developed for two-period illustration. The enlarged edition covers phasing-in of intermittent energy (run-of-the-river, wind and solar) and the economics of pumped-storage electricity.
Bibliography, etc. Note
Includes bibliographical references and indexes.
Access Note
Access limited to authorized users.
Source of Description
Description based on online resource; title from PDF title page (viewed January 30, 2015).
Series
International series in operations research & management science ; volume 217.
Available in Other Form
Print version: 9781489975188
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Table of Contents
Introduction
Water as a Natural Resource
Hydropower with Constraints
Multiple Producers
Mix of Thermal and Hydropower Plants
Trade
Intermittent Energy
Pumped-storage Hydroelectricity
Uncertainty
Transmission
Market Power
Summary and Conclusions.
Water as a Natural Resource
Hydropower with Constraints
Multiple Producers
Mix of Thermal and Hydropower Plants
Trade
Intermittent Energy
Pumped-storage Hydroelectricity
Uncertainty
Transmission
Market Power
Summary and Conclusions.