Energy, Natural Resources and Environmental Economics

✍ Scribed by Trond Døskeland (auth.), Endre Bjørndal, Mette Bjørndal, Panos M. Pardalos, Mikael Rönnqvist (eds.)

• Publisher: Springer-Verlag Berlin Heidelberg
• Year: 2010
• Tongue: English
• Leaves: 537
• Series: Energy Systems
• Edition: 1
• Category: Library

✦ Synopsis

The book consists of a collection of articles (survey and research) describing the area of energy, natural resources and environmental economics. The contents of the book is divided into four sections. The first part considers petroleum and natural gas applications, taking up topics ranging from the management of incomes and reserves to market modeling and value chain optimization. The second and most extensive part studies applications from electricity markets, including analyses of marked prices, risk management, various optimization problems, electricity market design and regulation. The third part describes different applications in logistics and management of natural resources. Finally, the fourth part covers more general problems and methods arising within the area. The volume contains many examples from Nordic countries where there is knowledge and experience in managing natural resources.

✦ Table of Contents

Front Matter....Pages i-xviii
Front Matter....Pages 1-1
Investment Strategy of Sovereign Wealth Funds....Pages 3-17
Chasing Reserves: Incentives and Ownership....Pages 19-38
Elastic Oil: A Primer on the Economics of Exploration and Production....Pages 39-58
Applied Mathematical Programming in Norwegian Petroleum Field and Pipeline Development: Some Highlights from the Last 30 Years....Pages 59-69
Analysis of Natural Gas Value Chains....Pages 71-82
On Modeling the European Market for Natural Gas....Pages 83-100
Equilibrium Models and Managerial Team Learning....Pages 101-114
Refinery Planning and Scheduling: An Overview....Pages 115-130
Front Matter....Pages 131-131
Multivariate Modelling and Prediction of Hourly One-Day Ahead Prices at Nordpool....Pages 133-154
Time Regularities in the Nordic Power Market: Potentials for Profitable Investments and Trading Strategies?....Pages 155-166
Valuation and Risk Management in the Norwegian Electricity Market....Pages 167-185
Stochastic Programming Models for Short-Term Power Generation Scheduling and Bidding....Pages 187-200
Optimization of Fuel Contract Management and Maintenance Scheduling for Thermal Plants in Hydro-based Power Systems....Pages 201-219
Energy Portfolio Optimization for Electric Utilities: Case Study for Germany....Pages 221-246
Investment in Combined Heat and Power: CHP....Pages 247-266
Capacity Charges: A Price Adjustment Process for Managing Congestion in Electricity Transmission Networks....Pages 267-292
Harmonizing the Nordic Regulation of Electricity Distribution....Pages 293-316
Benchmarking in Regulation of Electricity Networks in Norway: An Overview....Pages 317-342
On Depreciation and Return on the Asset Base in a Regulated Company Under the Rate-of-Return and LRIC Regulatory Models....Pages 343-355
Front Matter....Pages 357-357
Rescuing the Prey by Harvesting the Predator: Is It Possible?....Pages 359-378
Front Matter....Pages 357-357
Absorptive Capacity and Social Capital: Innovation and Environmental Regulation....Pages 379-393
Issues in Collaborative Logistics....Pages 395-409
Pilot Assignment to Ships in the Sea of Bothnia....Pages 411-425
Transportation Planning and Inventory Management in the LNG Supply Chain....Pages 427-439
Front Matter....Pages 441-441
Optimal Relinquishment According to the Norwegian Petroleum Law: A Combinatorial Optimization Approach....Pages 443-457
An Overview of Models and Solution Methods for Pooling Problems....Pages 459-469
Cooperation Under Ambiguity....Pages 471-491
The Perpetual American Put Option for Jump-Diffusions....Pages 493-507
Discrete Event Simulation in the Study of Energy, Natural Resources and the Environment....Pages 509-521

✦ Subjects

Economics/Management Science, general; Energy Policy, Economics and Management; Energy Economics; Environmental Economics