Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2001-07-27
2010-02-02
Oyebisi, Ojo O (Department: 3696)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S412000
Reexamination Certificate
active
07657480
ABSTRACT:
A decision support system and method is provided for responding to a deregulated electrical energy environment for use in making decisions related to supplying and purchasing electrical power. In a preferred embodiment, the decision support system comprises a plurality of interconnected models that produce information related to various business operations. A contract valuation model produces a value of energy contracts based upon timely data such as contract terms, real-time commodity pricing, and forecasted commodity pricing. A potential action valuation model generates value for potential, predefined operational actions at a given production facility in response to a particular opportunity. A forecasting and planning model provides forecasting services related to energy based upon historical and current real-time data for use in other models. A supply chain optimizer provides overall supply information related to supplying a plurality of electrical generating facilities to thereby indicate economies for overall system operation. A risk management model allows the entry of risk tolerance parameters. A financial position management model is utilized as a tool to support risk reduction.
REFERENCES:
patent: 6021402 (2000-02-01), Takriti
patent: 6151582 (2000-11-01), Huang et al.
Sanderson, Joe (“Passing value to customers: on the power of regulation in the industrial electricity supply chain,” Supply Chain Management, v4n4 pp: 199 1999 ).
Air Liquide Large Industries U.S. LP
Haynes Elwood L.
Holguin Donna Blalock
Oyebisi Ojo O
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