Modeling And Valuation Of Energy Structures

Author : Daniel Mahoney
Publisher : Springer
ISBN 13 : 1137560150
Total Pages : 474 pages
Book Rating : 4.55/5 ( download)

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Download or read book Modeling and Valuation of Energy Structures written by Daniel Mahoney and published by Springer. This book was released on 2016-01-26 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity markets present several challenges for quantitative modeling. These include high volatilities, small sample data sets, and physical, operational complexity. In addition, the set of traded products in commodity markets is more limited than in financial or equity markets, making value extraction through trading more difficult. These facts make it very easy for modeling efforts to run into serious problems, as many models are very sensitive to noise and hence can easily fail in practice. Modeling and Valuation of Energy Structures is a comprehensive guide to quantitative and statistical approaches that have been successfully employed in support of trading operations, reflecting the author's 17 years of experience as a front-office 'quant'. The major theme of the book is that simpler is usually better, a message that is drawn out through the reality of incomplete markets, small samples, and informational constraints. The necessary mathematical tools for understanding these issues are thoroughly developed, with many techniques (analytical, econometric, and numerical) collected in a single volume for the first time. A particular emphasis is placed on the central role that the underlying market resolution plays in valuation. Examples are provided to illustrate that robust, approximate valuations are to be preferred to overly ambitious attempts at detailed qualitative modeling.

Author : Daniel Mahoney
Publisher : Springer
ISBN 13 : 1137560150
Total Pages : 547 pages
Book Rating : 4.55/5 ( download)

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Download or read book Modeling and Valuation of Energy Structures written by Daniel Mahoney and published by Springer. This book was released on 2016-01-26 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity markets present several challenges for quantitative modeling. These include high volatilities, small sample data sets, and physical, operational complexity. In addition, the set of traded products in commodity markets is more limited than in financial or equity markets, making value extraction through trading more difficult. These facts make it very easy for modeling efforts to run into serious problems, as many models are very sensitive to noise and hence can easily fail in practice. Modeling and Valuation of Energy Structures is a comprehensive guide to quantitative and statistical approaches that have been successfully employed in support of trading operations, reflecting the author's 17 years of experience as a front-office 'quant'. The major theme of the book is that simpler is usually better, a message that is drawn out through the reality of incomplete markets, small samples, and informational constraints. The necessary mathematical tools for understanding these issues are thoroughly developed, with many techniques (analytical, econometric, and numerical) collected in a single volume for the first time. A particular emphasis is placed on the central role that the underlying market resolution plays in valuation. Examples are provided to illustrate that robust, approximate valuations are to be preferred to overly ambitious attempts at detailed qualitative modeling.

Author : Farid Mohamadi
Publisher : Springer Nature
ISBN 13 : 3030687406
Total Pages : 283 pages
Book Rating : 4.03/5 ( download)

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Download or read book Introduction to Project Finance in Renewable Energy Infrastructure written by Farid Mohamadi and published by Springer Nature. This book was released on 2021-04-20 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is project finance? What makes project or structured finance so relevant for large renewable energy infrastructure? Which vocabulary do I need to know in order to speak the same language during meetings with lawyers, investors, bankers and engineers? These questions and many more are answered throughout this book, offering real world examples to bridge the gap between theory and practice. The book details the role of each stakeholder in the development of renewable energy projects, the interconnection between all the agreements, the financial process from fundraising to financial close, the processes of due diligence, risk analysis, project investment valuation and much more. It also provides with an introduction to Portfolio Management using renewable energy assets and an explanation of the role of Climate Finance in green energy investments. The commented glossary enables readers to unpick the jargon used in project finance for renewable energy, and the numerous creative figures and comprehensive tables aid with understanding. Offering a complete picture of the discipline, Introduction to Project Finance in Renewable Energy Infrastructure will be of value to professionals, engineers and academics alike interested in understanding the process and components of project finance in renewable energy infrastructures, in both private and public-private contexts.

Author : Timothy L. Hemsath
Publisher : Routledge
ISBN 13 : 1317496337
Total Pages : 294 pages
Book Rating : 4.35/5 ( download)

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Download or read book Energy Modeling in Architectural Design written by Timothy L. Hemsath and published by Routledge. This book was released on 2017-07-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy Modeling in Architectural Design demonstrates how design elements can lead to energy savings, to help you reduce the energy footprint of your buildings. In addition to identifying climate opportunities, you’ll also learn fundamental passive design elements for software-agnostic energy modeling of your projects from conception. Using parametric models and testing each element during design will lead you to create beautiful and high-performance buildings. Illustrated with more than 100 color images, this book also includes a pattern guide for high-performance buildings, discusses energy and daylighting optimization, and has a glossary for easy reference.

Author : Alexander Eydeland
Publisher : John Wiley & Sons
ISBN 13 : 0471455873
Total Pages : 506 pages
Book Rating : 4.75/5 ( download)

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Download or read book Energy and Power Risk Management written by Alexander Eydeland and published by John Wiley & Sons. This book was released on 2003-02-03 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Energy and Power Risk Management "Energy and Power Risk Management identifies and addresses the key issues in the development of the turbulent energy industry and the challenges it poses to market players. An insightful and far-reaching book written by two renowned professionals." -Helyette Geman, Professor of Finance University Paris Dauphine and ESSEC "The most up-to-date and comprehensive book on managing energy price risk in the natural gas and power markets. An absolute imperative for energy traders and energy risk management professionals." -Vincent Kaminski, Managing Director Citadel Investment Group LLC "Eydeland and Wolyniec's work does an excellent job of outlining the methods needed to measure and manage risk in the volatile energy market." -Gerald G. Fleming, Vice President, Head of East Power Trading, TXU Energy Trading "This book combines academic rigor with real-world practicality. It is a must-read for anyone in energy risk management or asset valuation." -Ron Erd, Senior Vice President American Electric Power

Author : Chris Underwood
Publisher : John Wiley & Sons
ISBN 13 : 1405153008
Total Pages : 312 pages
Book Rating : 4.03/5 ( download)

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Download or read book Modelling Methods for Energy in Buildings written by Chris Underwood and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change mitigation and sustainable practices are now at the top of political and technical agendas. Environmental system modelling provides a way of appraising options and this book will make a significant contribution to the uptake of such systems. It provides knowledge of the principles involved in modelling systems, builds confidence amongst designers and offers a broad perspective of the potential of these new technologies. The aim of the book is to provide an understanding of the concepts and principles behind predictive modelling methods; review progress in the development of the modelling software available; and explore modelling in building design through international case studies based on real design problems.

Author : Glen Swindle
Publisher : Cambridge University Press
ISBN 13 : 1107036844
Total Pages : 499 pages
Book Rating : 4.40/5 ( download)

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Download or read book Valuation and Risk Management in Energy Markets written by Glen Swindle and published by Cambridge University Press. This book was released on 2014-02-17 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys the mechanics of energy markets and the valuation of structures commonly arising in practice. The presentation balances quantitative issues and practicalities facing portfolio managers, with substantial attention paid to the ways in which common methods fail in practice and to alternative methods when they exist. The book will provide readers with the analytical foundation required to function in modern energy trading and risk management groups.

Author : Andrew C.. Hackett
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.48/5 ( download)

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Download or read book The Application of Income Valuation Models to Energy Utilities written by Andrew C.. Hackett and published by . This book was released on 2013 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of valuation models that value publicly traded companies would appear simple enough: to provide a single number that represents a company's value. For the mature, stable energy utility industry, an industry traditionally shielded from competitive market forces, it would appear to be particularly straightforward. Yet, even in this industry, the application of valuation models is not straightforward. There are multiple reasons for this: valuation models use historical data to make predictions on the future, and the past is not always a reliable guide to the future; valuations can be highly sensitive to the choice of inputs and for certain inputs there are not widely held agreements in the field on which ones to use; companies can face unique economic circumstances, requiring the selection of a model that best fits these circumstances; and finally, industries change, and valuation models need to reflect these changes to ensure that they are properly predicting the future risks and growth potentials of the companies that they are attempting to value. By applying income valuation techniques to the energy utility Pacific Gas and Electric Co. (PG&E), several conclusions can be reached. First, a valuation model must match the company it is attempting to value: there is no such thing as a universal valuation model that can be applied to all companies. Second, since companies compete for capital in competitive markets, company valuations should be viewed against their industry peers and industry averages. In the case of PG&E, a model needs to take into account its distressed growth in the immediate term caused by the effects and consequences of the San Bruno gas explosion of September 9, 2010. By comparing PG&E's valuation to two of its industry peers, Xcel Energy and NextEra Energy, one can better understand why the market values these companies differently and why different valuation models need to be applied to all three to capture their unique economic realities: PG&E with distressed short-term growth, Xcel Energy with stable growth, and NextEra Energy with a higher growth potential from a higher reinvestment of capital into generating assets. Finally, since valuation models are forward-looking, these models need to take into account changing industry structures. In the case of energy utilities, deregulation in electrical generation has created both higher growth prospects, but also greater market risks, and valuation models will need to capture these.

Author : T. Agami Reddy
Publisher : Springer Science & Business Media
ISBN 13 : 1441996133
Total Pages : 446 pages
Book Rating : 4.38/5 ( download)

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Download or read book Applied Data Analysis and Modeling for Energy Engineers and Scientists written by T. Agami Reddy and published by Springer Science & Business Media. This book was released on 2011-08-09 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Data Analysis and Modeling for Energy Engineers and Scientists fills an identified gap in engineering and science education and practice for both students and practitioners. It demonstrates how to apply concepts and methods learned in disparate courses such as mathematical modeling, probability,statistics, experimental design, regression, model building, optimization, risk analysis and decision-making to actual engineering processes and systems. The text provides a formal structure that offers a basic, broad and unified perspective,while imparting the knowledge, skills and confidence to work in data analysis and modeling. This volume uses numerous solved examples, published case studies from the author’s own research, and well-conceived problems in order to enhance comprehension levels among readers and their understanding of the “processes”along with the tools.

Author : Milton F. Searl
Publisher : Routledge
ISBN 13 : 1317358996
Total Pages : 283 pages
Book Rating : 4.92/5 ( download)

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Download or read book Energy Modeling written by Milton F. Searl and published by Routledge. This book was released on 2016-03-22 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1973, a seminar was held by Resources for the Future to bring together the new and growing community of scholars researching into the general field of energy modelling. Originally published in the same year, this report gathers together all of the papers presented at that seminar in order to further spread the results of these studies with those who were unable to attend. The papers cover a full range of techniques used for energy modelling whilst commenting on current government and industry models. This title will be of interest to students of Environmental Studies.