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12:30 PM

Modeling Electricity Markets with Optimization: Why It’s Important (and Fun) with Dr. Benjamin F. Hobbs

November 9, 2018 @ 12:30 PM - 2:00 PM

Electric power: done wrong, it drags the economy and environment down; done right, it could help to create a more efficient, brighter, and cleaner future. Better policy, planning, and operations models--both simple analytical, and complex computational ones--are essential if we're going to do it right. Better modeling is also fun, as the math of electricity models is inherently interesting and revealing--models often show flaws in our intuition. Used intelligently, models can point us towards better regulations, investments, and operating policies. Simple models provide insights, while complex models provide the numbers needed to choose specific investments and policies. Dr. Hobbs will... [more]

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