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Hydropower Economics

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Hydropower Economics/ by Finn R. Førsund.
Author:	Førsund, Finn R.
Description:	XVI, 326 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Operations research. -
Online resource:	https://doi.org/10.1007/978-1-4899-7519-5
ISBN:	9781489975195

Hydropower Economics
Førsund, Finn R.

Hydropower Economics[electronic resource] /by Finn R. Førsund. - 2nd ed. 2015. - XVI, 326 p.online resource. - International Series in Operations Research & Management Science,2170884-8289 ;. - International Series in Operations Research & Management Science,227.

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.

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.

ISBN: 9781489975195

Standard No.: 10.1007/978-1-4899-7519-5doiSubjects--Topical Terms:

573517
Operations research.

LC Class. No.: HD30.23

Dewey Class. No.: 658.40301

Hydropower Economics
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