Decision Making under Uncertainty: Methodologies from Signal Processing & Forecasting

Journal Club Overview

This jointly sponsored journal club will bring students from the engineering and business communities together to review seminal literature around decision theory in the context of signal and information processing.

Each session will include three presentations by meeting participants, each lasting 15 minutes with 5 additional minutes of discussion time. The focus of this journal club will be to broaden knowledge base and research scope for PhD students.

The journal articles can be selected from the Centre’s recommended list of articles on decision theory. A list will be emailed to all participants.

Friday session | 13:00-14:00

Paper Review #1
Dr Chi-Kong Chyong, Research Associate, Judge Business School & Electricity Policy Research Group (EPRG), University of Cambridge
  • Chyong, C. K. and Hobbs, B. F. 2011. “Strategic Eurasian Natural Gas Model for Energy Security and Policy Analysis.” EPRG Working Paper Series (Online)

Download the paper (pdf,193MB)

Paper Review #2
Grant Kopec, University of Cambridge, Department of Engineering
  • Jens Christian Refsgaard, Jeroen P. van der Sluijs, James Brown and Peter van der Keur. “A framework for dealing with uncertainty due to model structure error.” Advances in Water Resources 29 (2006) 1586–1597.
  • Sandra K. Evans “Connecting adaptation and strategy: The role of evolutionary theory in scenario planning.” Futures 43 (2011) 460–468.

Professor William Fitzgerald

Professor of Applied Statistics and Signal Processing, Department of Engineering, University of Cambridge

Dr Joan Lasenby

Senior Lecturer in Information Engineering, Department of Engineering, University of Cambridge

Michelle Tuveson

Executive Director, Cambridge Centre for Risk Studies, University of Cambridge

Boots, M. G., Rijkers, F. A. M. & Hobbs, B. F. (2004) “Trading in the downstream European gas market: a successive oligopoly approach.” The Energy Journal, 25 (3), 73-102

Day, C. J., Hobbs, B. F. & Pang, J. S. (2002) “Oligopolistic competition in power networks: a conjectured supply function approach.” IEEE Transactions on Power Systems, 17 (3), 597–607

Hobbs, B. F. & Helman, U. (2004) “Complementarity-based equilibrium modeling for electric power markets.” In: Bunn, D. W. (ed.) Modelling Prices in Competitive Electricity Markets, John Wiley & Sons Ltd

Hobbs, B. F. & Rijkers, F. A. M. (2004) “Strategic generation with conjectured transmission price responses in a mixed transmission pricing system—Part I: Formulation.” IEEE Transactions on Power Systems, 19 (2), 707–717

Hobbs, B. F., Rijkers, F. A. M. & Wals, A. F. (2004) “Strategic generation with conjectured transmission price responses in a mixed transmission pricing system—Part II: Application.” IEEE Transactions on Power Systems, 19 (2), 872–879

Lise, W. & Hobbs, B. F. (2008) “Future evolution of the liberalised European gas market: Simulation results with a dynamic model.” Energy, 33 (7), 989-1004

Lise, W. & Hobbs, B. F. (2009) “A dynamic simulation of market power in the liberalised European natural gas market.” The Energy Journal, 30 (Special Issue: World Natural Gas Markets And Trade: A Multi-Modelling Perspective), 119-136

Lise, W., Hobbs, B. F. & Oostvoorn, F. V. (2008) “Natural gas corridors between the EU and its main suppliers: simulation results with the dynamic GASTALE model.” Energy Policy, 36 (6), 1890-1906

R. Egging, S. A. Gabriel (2006) “Examining market power in the European natural gas market”, Energy Policy, 34 (17), 2762-2778

S. A. Gabriel, S. Kiet, J. Zhuang (2005) “A mixed complementarity-based equilibrium model of natural gas markets”, Operations Research, 53(5), 799-818

S.A. Gabriel, J. Zhuang, R. Egging (2009) “Solving stochastic complementarity problems in energy market modeling using scenario reduction.” European Journal of Operational Research 197 (3), 1028-1040

J. Zhuang, S.A. Gabriel (2008) “A complementarity model for solving stochastic natural gas market equilibria.” Energy Economics 30 (1), 113-147