Title :
Valuation of services. Competitive industry modeling
Author :
Sheblé, Gerald B.
Abstract :
This tutorial presents an overview of the externalities that impact the electricity spot market. The importance of this modeling is to provide proper and thorough valuation of the services offered by each industry segment. There are several alternative ways to model this multiple market interaction. Two approaches are discussed: Leontief energy model and supply chain. Their relationship to the Porter five-forces model is presented.
Keywords :
power markets; power system economics; Leontief energy model; Porter five-forces model; competitive industry modeling; electricity spot market; multiple market interaction; services valuation; supply chain; Business; Cost accounting; Electricity supply industry; Environmentally friendly manufacturing techniques; Fly ash; Fuels; Petroleum; Production systems; Raw materials; Transportation;
Journal_Title :
Power and Energy Magazine, IEEE
DOI :
10.1109/MPAE.2003.1192021
