Natural Resource Economics Commons^™

Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan

Masters Theses

"After deregulation of electricity in the United States, the day-ahead and real-time markets allow load serving entities and generation companies to bid and purchase/sell energy under the supervision of the independent system operator (ISO). The electricity market prices are inherently uncertain, and can be highly volatile. The main objective of this thesis is to hedge against the risk from the uncertainty of the market prices when purchasing/selling energy from/to the market. The energy manager can also schedule distributed generators (DGs) and storage of the microgrid to meet the demand, in addition to energy transactions from the market. The risk measure …

Water Resources Development -- An Analysis Of Economic Justification Practices Of The Corps Of Engineers, Kerwood W. Barrand

Masters Theses

"Presented herein is a brief analysis of the economic justification practices of the Corps of Engineers as commonly implemented in proposals concerning water resources projects. Where applicable, recommended methods are compared to similar methods advocated for, and accepted by, private engineering firms in similar situations.

The major problem exists in the lack of a profit motive in programs undertaken with the use of public funds. However, a profit can be said to have been realized in public works programs if the total benefits of the programs to all the people exceed the costs of these programs and, further, if the …