How Long to Read Stochastic Modeling Of Electricity And Related Markets

How Long Does it Take to Read Stochastic Modeling Of Electricity And Related Markets?

It takes the average reader 5 hours and 54 minutes to read Stochastic Modeling Of Electricity And Related Markets by Fred Espen Benth

Assuming a reading speed of 250 words per minute. Learn more

Description

The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward hedging impossible. Moreover, futures contracts are typically settled over a time period rather than at a fixed date. All these aspects of the markets create new challenges when analyzing price dynamics of spot, futures and other derivatives.This book provides a concise and rigorous treatment on the stochastic modeling of energy markets. Ornstein-Uhlenbeck processes are described as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes. Temperature futures are studied based on a continuous higher-order autoregressive model for the temperature dynamics. The theory presented here pays special attention to the seasonality of volatility and the Samuelson effect. Empirical studies using data from electricity, temperature and gas markets are given to link theory to practice.

How long is Stochastic Modeling Of Electricity And Related Markets?

Stochastic Modeling Of Electricity And Related Markets by Fred Espen Benth is 352 pages long, and a total of 88,704 words.

This makes it 119% the length of the average book. It also has 108% more words than the average book.

How Long Does it Take to Read Stochastic Modeling Of Electricity And Related Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 4 minutes to read Stochastic Modeling Of Electricity And Related Markets aloud.

What Reading Level is Stochastic Modeling Of Electricity And Related Markets?

Stochastic Modeling Of Electricity And Related Markets is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Stochastic Modeling Of Electricity And Related Markets?

Stochastic Modeling Of Electricity And Related Markets by Fred Espen Benth is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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