Canadian oil sands hold the third largest recognized oil deposit in the world. While the rapidly expanding oil sands industry in western Canada has driven economic growth, the extraction of the oil comes at a significant environmental cost. It is believed that the government policies have failed...

Electricity producers participating in electricity markets face risks pertaining to both selling prices and the availability of the production units. Among electricity derivatives, options represent an adequate instrument to manage these risks. In this paper, we propose a multi-stage stochastic...

Benchmarking plays a central role in the regulatory scene. Regulators set tariffs according to a performance standard and, if the companies can outperform such a standard, they can retain the gains observed by such outperformance. Efficiency performance is usually assessed by comparison (or a...

The demand for oil and natural gas has severely challenged the world supply. The Caspian Sea basin holds large quantities of both oil and natural gas. Pipelines are needed to transport the oil and natural gas from this landlocked region over long distances within countries and across borders to...

Deterministic capacity planning problems in electricity systems can be solved by comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean-Variance Portfolio (MVP) theory provides a consistent framework to balance risk and return in power...

Hydropower plays a major role in the Canadian electricity generation industry. Few attempts have been made, however, to assess the efficiency of hydropower generation in Canada. This paper analyzes the overall efficiency of hydropower generation in Canada from comprehensive viewpoints of...

Accurate and robust short-term load forecasting plays a significant role in electric power operations. This paper proposes a variant of genetic programming, improved by incorporating semantic awareness in algorithm, to address a short term load forecasting problem. The objective is to...

This paper proposes a Fuzzy Goal Programming model (FGP) for a real aggregate production-planning problem. To do so, an application was made in a Brazilian Sugar and Ethanol Milling Company. The FGP Model depicts the comprehensive production process of sugar, ethanol, molasses and derivatives,...

This paper examines the optimal control of CO2 emissions from a perspective of efficiency analysis. Several centralized data envelopment analysis (DEA) models are introduced to study the optimal allocation of CO2 emissions under spatial, temporal and spatial–temporal allocation strategies,...

Policy makers in a number of countries have proposed or are considering proposing CO2 emission standards for new fossil fuel-fired power plants. The proposed standards require coal-fired power plants to have approximately the same carbon emissions as an uncontrolled natural gas-fired power...