National Grid UK, the electricity transmission system owner for England and Wales and the system operator for all of Great Britain, uses @RISK’s probabilistic modeling techniques to measure network restoration performance in a variety of simulated failure scenarios. In other words, if the system, or part of it, somehow breaks down, the people at the utility want to know what, and how long, it will take to get it working again, and what the challenges will be along the way.
This Thursday, October 16th, 2014 at 11:00 am EDT
The presentation will describe a customizable application, using @RISK simulations, that allows a gas distributor to a priori assess the expected liquidity requirements for each contract and its cost, and to properly price it into the contract. The application allows a gas distributor to correctly assess and update the aggregated liquidity requirements of the whole futures portfolio and to plan accordingly. The application can be further used to analyze and optimize the hedging strategy of the gas distributor.