Energy Modelling: Advances in the Management of Uncertainty [Hardcover]

Vincent Kaminski (Author)

Book Description

ISBN-10: 1904339425 | ISBN-13: 978-1904339427 | Publication Date: July 15, 2005 | Edition: 2nd

An industry acclaimed bestseller – Energy Modelling has been extensively revised, updated and extended for the markets of 2005. This second edition is your detailed guide to how the tools of quantitative finance are being applied to the fast moving world of energy trading. Edited by Vincent Kaminski, a leading authority on the modelling of energy risks and the development of new trading strategies, the book balances chapters on complex analytical techniques with more accessible explanations of the key topics. Provides a full view of the latest analytical techniques and modelling strategies to help you effectively measure risk and cope with recent market developments.> Reflecting the many significant recent changes in energy markets, this book features a number of newly commissioned chapters from the most current experts to cover: the impact of the weather on the trading; valuation and risk management of full requirements deals; pricing and hedging of heat rate options; credit risk modelling; capital adequacy models; bidding strategies in the US power pools; and managing congestion risk. All chapters have been extensively overhauled and rewritten using new evidence, figures, case studies and panels. Accessible enough for those who want a general understanding of the quantitative tools used in the energy business. Essential reading for traders, risk managers and those seeking a general understanding of quantitative trading in the energy markets.

Editorial Reviews

About the Author

Vincent (Vince) Kaminski is currently working as a managing director at Citigroup, Houston. Before assuming this role, he served as a managing director and a consultant at Sempra Energy Trading and a senior vice president of commercial analytics at Reliant Resources, Inc. in Houston. Before joining Reliant, Vince was a managing director of Citadel Investment Group LLC. Prior to this, Vince was the head of the quantitative modelling group at Enron Corp (from 1992 to 2002) and a vice-president in the research department, bond portfolio analysis group, of Salomon Brothers in New York (from 1986 to 1992). Vince is an adjunct associate professor at Rice University in Houston (Jones Graduate School of Management) and he serves on the executive committee of the Global Energy Management Institute at Bauer College of Business, University of Houston. Vince holds an MS degree in international economics, a PhD degree in theoretical economics from the Main School of Planning and Statistics in Warsaw and an MBA from Fordham University in New York. He is a recipient of the 1999 James H. McGraw award for Energy Risk Management (Energy Risk Manager of the Year). His recent publications include: Managing Energy Price Risk (all three editions) and “The Challenge of Pricing and Risk Managing Electricity Derivatives” in The US Power Market, both from Risk Books; and Energy Derivatives: Pricing and Risk Management, Lacima Publications.

Product Details

• Hardcover: 380 pages
• Publisher: Risk Books; 2nd edition (July 15, 2005)
• Language: English
• ISBN-10: 1904339425
• ISBN-13: 978-1904339427
• Product Dimensions: 9.4 x 6.3 x 1.1 inches
• Shipping Weight: 2.4 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,649,079 in Books (See Top 100 in Books)