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Energy, Natural Resources and Environmental Economics / edited by Endre Bjørndal, Mette Bjørndal, Panos M. Pardalos, Mikael Rönnqvist

Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Energy Systems | SpringerLink BücherPublisher: Berlin, Heidelberg : Springer-Verlag Berlin Heidelberg, 2010Description: Online-Ressource (XVIII, 522 p. 114 illus, online resource)ISBN:
  • 9783642120671
Subject(s): Genre/Form: Additional physical formats: 9783642120664 | Erscheint auch als: Energy, natural resources and environmental economics. Druck-Ausgabe. Berlin : Springer, 2010. XVIII, 521 S.DDC classification:
  • 333.7
  • 333.79 22
RVK: RVK: QT 000LOC classification:
  • HC79.E5
  • HD9502.A2
DOI: DOI: 10.1007/978-3-642-12067-1Online resources:
Contents:
Energy, Natural Resources and Environmental Economics; Preface; Contents; Overview of the Contributions; List of Contributors; Part I Petroleum and Natural Gas; Investment Strategy of Sovereign Wealth Funds; 1 Introduction; 2 The Development of Sovereign Wealth Funds; 3 Investment Strategy; 3.1 Framework for Optimal Investment Strategy; 3.1.1 The Liability Profile; 3.1.2 Asset Allocation Policy; 3.1.3 Passive or Strategic/Active Investment Style; 4 Conclusion; References; Chasing Reserves: Incentives and Ownership; 1 Introduction; 2 Booked Reserves
2.1 Differences Between PSC and Concession Reserves2.2 Petroleum Reserves: Definitions; 2.3 The Role of the Reserves Report; 3 Shtokman; 4 Peregrino; 5 Conclusion; References; Elastic Oil: A Primer on the Economics of Exploration and Production; 1 Introduction; 2 Previous Research; 3 NCS Exploration and Production; 4 A Simple Model of NCS Exploration; 5 A Simple Model of NCS Production; 6 Concluding Remarks; References; Applied Mathematical Programming in Norwegian Petroleum Field and Pipeline Development: Some Highlights from the Last 30 Years; 1 Introduction; 2 Some Historic Remarks
3 Main Deterministic Model Assumptions4 Some Representative Deterministic Modelling; 4.1 Start of Projects; 4.2 Alternatives; 4.3 Production Decisions; 4.4 Global Constraints; 4.5 Transportation and Market Constraints; 4.6 The Objective; 5 Stochastic Development Planning; 6 A Surprisingly Flexible Modelling Environment; 7 Practical Model Usage; 8 What About Today?; References; Analysis of Natural Gas Value Chains; 1 Introduction; 2 Literature Review; 3 The Natural Gas Value Chain; 3.1 Production and Processing; 3.2 Transportation; 3.3 Storage; 3.4 Markets; 3.5 Mathematical Models
3.6 System Effects3.7 Markets and the Portfolio Perspective; 3.8 Modeling Competition; 4 Conclusions; References; On Modeling the European Market for Natural Gas; 1 Introduction; 2 Previous Modeling; 3 Behavior; 3.1 Non-Negative Sales; 3.2 Optimization Approach; 4 The Generalized Transportation Model; 4.1 Noncompetitive Behavior; 4.1.1 A Numerical Example; 5 Network; 6 Conclusion; References; Equilibrium Models and Managerial Team Learning; 1 Introduction; 2 Managerial Team Learning; 3 VisualGas; 4 Research Methodology; 5 Findings and Analysis; 5.1 Concepts Used in the Two Sessions
5.2 Description of the First Session (without VisualGas)5.3 Description of the Second Session (with VisualGas); 5.4 Comparison of the Sessions; 6 Concluding Remarks; References; Refinery Planning and Scheduling: An Overview; 1 Introduction; 2 Crude Oil Selection and Crude Oil Scheduling; 2.1 Selection of Crude Oils; 2.2 Scheduling of Crude Oils; 3 Production Planning and Scheduling; 3.1 Production Planning; 3.2 Production Scheduling; 4 Product Blending and Recipe Optimization; 5 Discussion and Further Research; References; Part II Electricity Markets and Regulation
Multivariate Modelling and Prediction of Hourly One-Day Ahead Prices at Nordpool
Summary: Petroleum and Natural Gas -- Investment Strategy of Sovereign Wealth Funds -- Chasing Reserves: Incentives and Ownership -- Elastic Oil: A Primer on the Economics of Exploration and Production -- Applied Mathematical Programming in Norwegian Petroleum Field and Pipeline Development: Some Highlights from the Last 30 Years -- Analysis of Natural Gas Value Chains -- On Modeling the European Market for Natural Gas -- Equilibrium Models and Managerial Team Learning -- Refinery Planning and Scheduling: An Overview -- Electricity Markets and Regulation -- Multivariate Modelling and Prediction of Hourly One-Day Ahead Prices at Nordpool -- Time Regularities in the Nordic Power Market: Potentials for Profitable Investments and Trading Strategies? -- Valuation and Risk Management in the Norwegian Electricity Market -- Stochastic Programming Models for Short-Term Power Generation Scheduling and Bidding -- Optimization of Fuel Contract Management and Maintenance Scheduling for Thermal Plants in Hydro-based Power Systems -- Energy Portfolio Optimization for Electric Utilities: Case Study for Germany -- Investment in Combined Heat and Power: CHP -- Capacity Charges: A Price Adjustment Process for Managing Congestion in Electricity Transmission Networks -- Harmonizing the Nordic Regulation of Electricity Distribution -- Benchmarking in Regulation of Electricity Networks in Norway: An Overview -- On Depreciation and Return on the Asset Base in a Regulated Company Under the Rate-of-Return and LRIC Regulatory Models -- Natural Resources and Logistics -- Rescuing the Prey by Harvesting the Predator: Is It Possible? -- Absorptive Capacity and Social Capital: Innovation and Environmental Regulation -- Issues in Collaborative Logistics -- Pilot Assignment to Ships in the Sea of Bothnia -- Transportation Planning and Inventory Management in the LNG Supply Chain -- General Problems and Methods -- Optimal Relinquishment According to the Norwegian Petroleum Law: A Combinatorial Optimization Approach -- An Overview of Models and Solution Methods for Pooling Problems -- Cooperation Under Ambiguity -- The Perpetual American Put Option for Jump-Diffusions -- Discrete Event Simulation in the Study of Energy, Natural Resources and the EnvironmentSummary: 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 resourcesPPN: PPN: 1650244894Package identifier: Produktsigel: ZDB-2-ENG | ZDB-2-SEB | ZDB-2-SMA
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