A practical mathematical programming model for the strategic fuel diversification problem is presented. The model is designed to consider the tradeoffs between the expected costs of investments in capacity, operating and maintenance costs, average fuel costs, and the variability of fuel costs....

The acceptance of the nodal pricing system as a mechanism to organize wholesale power markets has exposed both generators and consumers to unprecedented volatile prices. Most of the volatility follows from the method for valuing congestion on the network. Generators and wholesale consumers pay...

The analysis of consumer demands is limited by data availability. Typically, aggregate consumption and expenditure data are all that is available to draw conclusions based on the theory of individual consumer behavior. Such limitations are problematic as some demand systems possess non-linear...