Corporate model of an electric utility
- 1 June 1969
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Spectrum
- Vol. 6 (6) , 75-84
- https://doi.org/10.1109/mspec.1969.5213857
Abstract
The importance of computers and simulation in management planning is reflected in this article describing a model of a hypothetical, investor-owned electric utility company. The model, which consists of three interrelated digital computer programs-an economic simulation, a cost simulation (based on power generation expenses), and an auxiliary nuclear fuel management program-is designed as a total corporate planning tool. All corporate activities, and certain environmental parameters, are represented by the economic simulation. The production cost simulation is designed to supply fuel cost information to the economic simulation and the fuel management program to supply nuclear fuel scheduling and cost data to both of the other programs. In the corporate model, management-both financial and operative-has a tool by which it is able to quickly assess the effects of one department's action upon another.Keywords
This publication has 3 references indexed in Scilit:
- Forecasting with an Input-Output ModelIEEE Transactions on Power Apparatus and Systems, 1968
- Dispatch of Pumped Hydro Storage on an Interconnected Hydrothermal SystemIEEE Transactions on Power Apparatus and Systems, 1965
- A Method for Economic Scheduling of a Combined Pumped Hydro and Steam Generating SystemIEEE Transactions on Power Apparatus and Systems, 1964