Seminar
Series

Fall 1997



 

Date November 7, 1997
Time 11:00 am
Location Room 102D, Cullen College of Engineering
Topic The Opportunities and Challenges for Operation Researchers in a Commoditized Electric Power Marketplace.
Speaker Dr. Richard A. Jamieson 
Abstract The transitioning of the electric power industry from a monopoly model to a competitive market is resulting in an unprecedented opportunity to benefit from operations research based solutions. The instantaneous nature of electric power operations and the stochastic demands on the system have resulted in the most volatile commodity market in history. Water utilties exhibit three notable characteristics that make them ideal candidates to leverage operations research tools as participants in such an environment:
1) They represent 5-7% of total U.S. energy consumption.
2) They have the capability to in effect store power in the form of elevated water.
3) They have the raw material to generate power from waste gases.

This presentation will focus on the opportunities and challenges for operations researchers in a commoditized electric power marketplace. The talk will briefly review the basic components of the still restructuring electric power industry, followed by an overview of the O.R. opportunities and challenges posed to the water industry in particular. Some of the requirements for meeting these challenges in the real world operating environment will be discussed.

Dr. Richard is a President and co-founder of Powerware Solutions, Inc., an energy services company that has developed prediction, network modeling, and scheduling tools for application to the water utility industry. He has been positioning his firm to help clientelle take advantage of competitive power markets through implementation level modeling and control.

Dr. Richard received his Ph.D. from TAMU in 1995. Prior to that he was employed by Texas Instruments Defense & Electronics Group. He authored the best paper for 1993 in the Management Division for the Journal of the American Water Works Association.

Note All Are Welcome.  Refreshments will be served.