TY - BOOK ID - 4861954 TI - Hydropower Economics PY - 2015 SN - 9781489975195 1489975187 9781489975188 1489975195 PB - New York, NY : Springer US : Imprint: Springer, DB - UniCat KW - Economics/Management Science. KW - Operation Research/Decision Theory. KW - Environmental Economics. KW - Power Electronics, Electrical Machines and Networks. KW - Economics. KW - Production of electric energy or power. KW - Environmental economics. KW - Operations research. KW - Economie politique KW - Economie de l'environnement KW - Recherche opérationnelle KW - Production of electric energy or. KW - Management KW - Business & Economics KW - Management Theory KW - Water-power KW - Economic aspects. KW - Hydraulic power plants KW - Hydroelectric power KW - Hydroelectricity KW - Hydropower KW - Waterpower KW - Business. KW - Decision making. KW - Power electronics. KW - Business and Management. KW - Natural resources KW - Power resources KW - Renewable energy sources KW - Water resources development KW - Stream measurements KW - Operations Research/Decision Theory. KW - Economics KW - Environmental quality KW - Operational analysis KW - Operational research KW - Industrial engineering KW - Management science KW - Research KW - System theory KW - Environmental aspects KW - Economic aspects KW - Electronics, Power KW - Electric power KW - Electronics KW - Deciding KW - Decision (Psychology) KW - Decision analysis KW - Decision processes KW - Making decisions KW - Management decisions KW - Choice (Psychology) KW - Problem solving KW - Decision making UR - https://www.unicat.be/uniCat?func=search&query=sysid:4861954 AB - 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. ER -