The book consists of a collection of articles (survey and research) describing the area of energy, natural resources and environmental economics. The contents of the book is divided into four sections. The first part considers petroleum and natural gas applications, taking up topics ranging from the management of incomes and reserves to market modeling and value chain optimization. The second and most extensive part studies applications from electricity markets, including analyses of marked prices, risk management, various optimization problems, electricity market design and regulation. The third part describes different applications in logistics and management of natural resources. Finally, the fourth part covers more general problems and methods arising within the area. The volume contains many examples from Nordic countries where there is knowledge and experience in managing natural resources.
Energy Systems Series Editor: Panos M. Pardalos, University of Florida, USA For further volumes: http://www.springer.com/series/8368 Endre Bjørndal Mette Bjørndal Panos M. Pardalos Mikael R¨onnqvist Editors Energy, Natural Resources and Environmental Economics 123 Editors Professor Endre Bjørndal Department of Accounting, Auditing and Law Norwegian School of Economics and Business Administration (NHH) Helleveien 30 5045 Bergen Norway
[email protected] Professor Mette Bjørndal Department of Finance and Management Science Norwegian School of Economics and Business Administration (NHH) Helleveien 30 5045 Bergen Norway
[email protected] Professor Panos M. Pardalos Department of Industrial & Systems Engineering Center for Applied Optimization, University of Florida Weil Hall 303 P.O. Box 116595 Gainesville FL 32611-6595 USA
[email protected] Professor Mikael R¨onnqvist Department of Finance and Management Science Norwegian School of Economics and Business Administration (NHH) Helleveien 30 5045 Bergen Norway
[email protected] ISSN 1867-8998 e-ISSN 1867-9005 ISBN 978-3-642-12066-4 e-ISBN 978-3-642-12067-1 DOI 10.1007/978-3-642-12067-1 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2010931834 c Springer-Verlag Berlin Heidelberg 2010 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover illustration: Cover art entitled “WOOD COLORS IN MOTION” is designed by Elias Tyligadas. Cover design: SPi Publisher Services Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com) Preface <