a r t i c l e i n f o Electricity producers participating in electricity markets face risks pertaining to both selling prices and the availability of the production units. Among electricity derivatives, options represent an adequate instrument to manage these risks. In this paper, we propose a multi-stage stochastic model to determine the optimal selling strategy of a risk-averse electricity pr...

Significant economic changes have occurred in Lithuania since 1992. Major market reforms were introduced through phased liberalization of producer and consumer prices. Panel data from a Lithuanian Household Budget Survey conducted during 1992-94 were used to estimate demand parameters for aggregated commodity groups. The evidence from the household survey shows the relative stability of demand ...

We use a CIB analysis and CGE model to develop decarbonization scenarios for the European power market. Our reveals qualitative that differ in level of political (stringency climate policy) physical collaboration (transmission grid expansion). The quantifies those further usage market EUREGEN analyze related distributional effects across heterogeneous countries as well between consumers produce...

Abstract Many cattle producers and producer organizations are concerned that the live negotiated market has become too thin. The percentage of procured through direct negotiations declined below 20%, while formulas increased to more than 60%. Most based on directly prices. Proposed legislation mandating a larger be represents intervention. We show futures prices good proxies for cash prices, be...

The aim of this study is to reveal the current situation safflower in Türkiye, make future forecasts about planting area, production quantity, yield and producer prices. Double Exponential Smoothing Method was used time series analysis for forecasts. were obtained from FAO TUIK statistics. Five-year (2022-2026) projections made using data between 1988-2021. For prices, years 2004-2021 used. Acc...

We consider a competitive version of the traditional aggregate production planning model with capacity constraints. In the general case, multiple products are produced by a few competing producers (oligopoly) with limited capacities. Production quantities, prices and consequently profits depend on production and allocation decisions of each producer. In addition, there is competition for the ra...

This thesis studies electricity derivative markets from a view point of an electricity producer. The traditionally used asset pricing methods, based on the no arbitrage principle, are extended to take into account electricity specific features: the non storability of electricity and the variability in the load process. The sources of uncertainty include electricity forward curve, prices of reso...