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Optimization in the Energy Industry

2008-12-25 Mathematics
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Release : 2008-12-25
Genre : Mathematics
Kind : eBook
Book Rating : 655/5 ( reviews)

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Book Synopsis Optimization in the Energy Industry by : Josef Kallrath

Download or read book Optimization in the Energy Industry written by Josef Kallrath. This book was released on 2008-12-25. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a broad, in-depth overview that reflects the requirements, possibilities and limits of mathematical optimization and, especially, stochastic optimization in the energy industry.

Optimization in Renewable Energy Systems

2017-02-25 Technology & Engineering
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Release : 2017-02-25
Genre : Technology & Engineering
Kind : eBook
Book Rating : 098/5 ( reviews)

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Book Synopsis Optimization in Renewable Energy Systems by : Ozan Erdinc

Download or read book Optimization in Renewable Energy Systems written by Ozan Erdinc. This book was released on 2017-02-25. Available in PDF, EPUB and Kindle. Book excerpt: Optimization in Renewable Energy Systems: Recent Perspectives covers all major areas where optimization techniques have been applied to reduce uncertainty or improve results in renewable energy systems (RES). Production of power with RES is highly variable and unpredictable, leading to the need for optimization-based planning and operation in order to maximize economies while sustaining performance. This self-contained book begins with an introduction to optimization, then covers a wide range of applications in both large and small scale operations, including optimum operation of electric power systems with large penetration of RES, power forecasting, transmission system planning, and DG sizing and siting for distribution and end-user premises. This book is an excellent choice for energy engineers, researchers, system operators, system regulators, and graduate students. - Provides chapters written by experts in the field - Goes beyond forecasting to apply optimization techniques to a wide variety of renewable energy system issues, from large scale to relatively small scale systems - Provides accompanying computer code for related chapters

Energy and Process Optimization for the Process Industries

2013-11-25 Technology & Engineering
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Release : 2013-11-25
Genre : Technology & Engineering
Kind : eBook
Book Rating : 534/5 ( reviews)

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Book Synopsis Energy and Process Optimization for the Process Industries by : Frank (Xin X.) Zhu

Download or read book Energy and Process Optimization for the Process Industries written by Frank (Xin X.) Zhu. This book was released on 2013-11-25. Available in PDF, EPUB and Kindle. Book excerpt: Exploring methods and techniques to optimize processing energy efficiency in process plants, Energy and Process Optimization for the Process Industries provides a holistic approach that considers optimizing process conditions, changing process flowschemes, modifying equipment internals, and upgrading process technology that has already been used in a process plant with success. Field tested by numerous operating plants, the book describes technical solutions to reduce energy consumption leading to significant returns on capital and includes an 8-point Guidelines for Success. The book provides managers, chemical and mechanical engineers, and plant operators with methods and tools for continuous energy and process improvements.

Optimization and Decision-Making in the Renewable Energy Industry

2022-03-11 Business & Economics
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Release : 2022-03-11
Genre : Business & Economics
Kind : eBook
Book Rating : 746/5 ( reviews)

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Book Synopsis Optimization and Decision-Making in the Renewable Energy Industry by : Balo, Figen

Download or read book Optimization and Decision-Making in the Renewable Energy Industry written by Balo, Figen. This book was released on 2022-03-11. Available in PDF, EPUB and Kindle. Book excerpt: With immense consumption of resources, increased global warming, and environmental pollution, the energy sector has inevitably embraced sustainability. Countries are releasing plans and programs to shift their fossil fuel-dependent energy sectors into clean energy sectors, and projections show that renewable energy will be a significant part of nations’ energy mixes in the near future. Optimization and decision-making techniques have been commonly used in the energy sector as problems encountered in this sector are complex and therefore need comprehensive techniques to solve them. With the uncertainty and high-cost issues of renewable resources, the complexity increases in the sector and requires optimization and decision-making techniques. Optimization and Decision-Making in the Renewable Energy Industry analyzes renewable energy sources using current mathematical methods and techniques and provides advanced knowledge on key opportunities and challenges. The book discusses current and trending mathematical methods, tests their validity and verification, and considers their practical application in the field. Covering topics such as urban sustainability and renewable energy systems, this reference work is ideal for practitioners, academicians, industry professionals, researchers, scholars, instructors, and students.

Optimization Methods for Gas and Power Markets

2016-04-30 Business & Economics
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Release : 2016-04-30
Genre : Business & Economics
Kind : eBook
Book Rating : 976/5 ( reviews)

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Book Synopsis Optimization Methods for Gas and Power Markets by : Enrico Edoli

Download or read book Optimization Methods for Gas and Power Markets written by Enrico Edoli. This book was released on 2016-04-30. Available in PDF, EPUB and Kindle. Book excerpt: As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it. Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions – all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions. This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice. Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.

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