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Full-Text Articles in Natural Resource Economics
Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan
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 …
Economic Efficiency Of Fuel Reduction Treatments In The Home Ignition Zone To Mitigate Wildfire Risk In Montana, Usa, Howard L. Williams
Economic Efficiency Of Fuel Reduction Treatments In The Home Ignition Zone To Mitigate Wildfire Risk In Montana, Usa, Howard L. Williams
Graduate Student Theses, Dissertations, & Professional Papers
Wildland-urban interface growth and factors increasing the probability of wildfire suggest that annual spending on wildfire risk mitigation and suppression will continue to increase. With limited information about the benefits and costs of risk mitigation, land managers and homeowners may under- or over-invest in risk mitigation, where costs are disproportionate to the expected benefits of the strategy. This study accounted for expected increases in wildfire risk (due to growth of the WUI, climate change and vegetation growth) over time in Flathead County, Montana, and estimated the expected avoided loss in structure values associated with three treatment levels that would require …