Valuation and Risk Management in Energy Markets
Language: English
Analysis & Trading Strategies Business & Economics Calculus Commodities Economics Energy Environmental Economics Finance Financial Risk Management Futures General Investments & Securities Mathematics
Publisher: Cambridge University Press
Published: Feb 17, 2014
Description:
Valuation and Risk Management in Energy Markets surveys the mechanics of energy markets and the valuation of structures commonly arising in practice. The presentation balances quantitative issues and practicalities facing portfolio managers, with substantial attention paid to the ways in which common methods fail in practice and to alternative methods when they exist. The material spans basic fundamentals of markets, statistical analysis of price dynamics, and a sequence of increasingly challenging structures, concluding with issues arising at the enterprise level. In totality, the material has been selected to provide readers with the analytical foundation required to function in modern energy trading and risk management groups.