Financial Engineering: Energy & Power

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table8"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black">Financial Engineering: <span class="header_gold"> Energy & Weather</span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table9"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table10"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table11"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap4"> <area href="../titles/jewson_and_brix_(2005).htm" shape="rect" coords="0, 0, 141, 199"> </map> <img border="0" src="../images/book_jewson_and_brix_(2005).gif" usemap="#FPMap4" width="142" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table12"> <tr> <td width="100%"> <p class="book_title">Weather Derivative Valuation</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table13"> <tr> <td width="100%" colspan="5"> <p class="book_details">Stephen Jewson and Anders Brix</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap2"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap2" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap3"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap3" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap340"> <area target="_self" href="../titles/jewson_and_brix_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap340" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0521843715/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0521843715"> <input type="hidden" name="asin.0521843715" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Current techniques of weather derivatives pricing emphasize actuarial mathematics over financial engineering. Primarily, this is because the market lacks depth and the underliers are not traded. Both factors tend to preclude the sort of replicating portfolio strategies on which financial engineering depends. In practice, to price a weather derivative, you use historical data to project what future weather may be like, perform some statistical analyses and discount back to today</strong> ... <a href="../titles/jewson_and_brix_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table14"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap273"> <area href="../titles/kaminsky_vincent_(2005).htm" shape="rect" coords="0, 0, 131, 199"> </map> <img border="0" src="../images/book_kaminsky_vincent_(2005).gif" usemap="#FPMap273" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table15"> <tr> <td width="100%"> <p class="book_title">Energy Modelling</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table16"> <tr> <td width="100%" colspan="5"> <p class="book_details">Vincent Kaminsky (ed.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap272"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap272" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap97"> <area href="../main/ratings.htm" shape="rect" coords="0, 1, 89, 15"> </map><img border="0" src="../images/tech_4.gif" usemap="#FPMap97" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap339"> <area target="_self" href="../titles/kaminsky_vincent_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap339" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/1904339425/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=1904339425"> <input type="hidden" name="asin.1904339425" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">When it was first published, this edited collection was a god-send for financial engineers in the electricity markets. Today, the definitive text is Eydeland and Wolyniec (<a href="../titles/eydeland_and_wolyniec_(2003).htm">2003</a>). However, this remains an excellent supplement to that book. It offers alternative perspectives and clarifies some theoretical issues of financial engineering that Eydeland and Wolyniec pass over. It also offers more extensive empirical analyses of how various diffusion processes mimic the behavior of power prices ... <a href="../titles/kaminsky_vincent_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table17"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap53"> <area href="../titles/eydeland_and_wolyniec_(2003).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_eydeland_and_wolyniec_(2003).gif" usemap="#FPMap53" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table18"> <tr> <td width="100%"> <p class="book_title">Energy and Power Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table19"> <tr> <td width="100%" colspan="5"> <p class="book_details">A. Eydeland and K. Wolyniec</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap51"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap51" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_4.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2003</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap338"> <area target="_self" href="../titles/eydeland_and_wolyniec_(2003).htm" shape="rect" coords="0, 0, 90, 25" > <area href="../titles/eydeland_and_wolyniec_(2003).htm" shape="rect" coords="0, 0, 89, 24"> </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap338" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0471104000/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0471104000"> <input type="hidden" name="asin.0471104000" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Eydeland and Wolyniec have written a groundbreaking book on financial engineering in the energy and power markets. The focus is primarily on power and natural gas, but other energies are also touched on ... <a href="../titles/eydeland_and_wolyniec_(2003).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table20"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap431"> <area href="../titles/pilipovic_d_(1997).htm" shape="rect" coords="0, 0, 156, 199"> </map> <img src="../images/book_pilipovic.gif" alt="book_pilipovic.gif (10073 bytes)" border="0" usemap="#FPMap431" width="157" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table21"> <tr> <td width="100%"> <p class="book_title">Energy Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table22"> <tr> <td width="100%" colspan="5"> <p class="book_details">Dragana Pilipovic</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap57"> <area coords="0, 0, 89, 15" shape="rect" href="../main/ratings.htm"> </map><img border="0" src="../images/star_3.gif" usemap="#FPMap57" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap82"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_3.gif" usemap="#FPMap82" width="90" height="16"></td> <td width="25" class="book_details_tags"> 1997</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap333"> <area target="_self" href="../titles/pilipovic_d_(1997).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap333" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0786312319/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">This is an ambitious book that attempts to cover financial engineering and risk management topics in energy markets, including oil, natural gas and electricity. The result is somewhat disjointed. For example ... <a href="../titles/pilipovic_d_(1997).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table23"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table24"> <tr> <td width="50%" bgcolor="#FFFFCC" align="center" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="center"> <div align="center"> <center> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" id="table25"> <tr> <td> <p class="body" style="margin-bottom: 6; margin-left:10"><b> <font color="#333366" size="3">For related books, also see sections:</font></b></p> <p class="bullet" style="margin-left: 10; margin-top:4; margin-bottom:4"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/markets_industries_energy_power.htm">Markets - Energy & Power</a></p> <p class="bullet" style="margin-left: 10; margin-top:4; margin-bottom:4"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/markets_industries_weather.htm">Markets - Weather</a></p> <p class="bullet" style="margin-left: 10; margin-top:4; margin-bottom:4"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_intermediate.htm">Financial Engineering - Intermediate Theory</a></p> <p class="bullet" style="margin-left: 10; margin-top:4; margin-bottom:4"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_theory.htm">Financial Engineering - Advanced Theory</a></p> <p class="bullet" style="margin-left: 10; margin-top:4; margin-bottom:4"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_numerical_methods.htm">Financial Engineering - Numerical Methods</a></p> </td> </tr> </table> </center> </div> </td> </tr> </table> <table border="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="10" bgcolor="#FFFFCC" id="table26"> <tr> <td width="100%">  <table border="0" style="border-collapse: collapse" width="100%" cellpadding="0" id="table1" bgcolor="#FFFFFF"> <tr> <td colspan="2" height="12"> <p style="margin-top: 0"> </td> </tr> <tr> <td align="right"> <p align="left" style="margin-bottom: 2px"> <a target="_top" href="http://www.riskexpertise.com/link/advertising.htm"> <font size="1" color="#000000" face="Arial">Ads by Contingency Analysis.</font></a></td> <td align="left"> <p align="right" style="margin-bottom: 2px"> <a target="_top" href="http://www.riskexpertise.com/link/advertising.htm"> <font size="1" color="#000000" face="Arial">Advertise on this site.</font></a></td> </tr> <tr> <td align="center" colspan="2">  <iframe src="http://servedbyadbutler.com/adserve/;ID=147917;size=300x250;setID=93136;type=iframe" allowtransparency="true" background-color="transparent" style="margin: 0px; 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