TY - GEN A1 - Eichhorn, Andreas A1 - Heitsch, Holger A1 - Römisch, Werner T1 - Stochastic Optimization of Electricity Portfolios: Scenario Tree Modeling and Risk Management N2 - We present recent developments in the field of stochastic programming with regard to application in power management. In particular we discuss issues of scenario tree modeling, i.e., appropriate discrete approximations of the underlying stochastic parameters. Moreover, we suggest risk avoidance strategies via the incorporation of so-called polyhedral risk functionals into stochastic programs. This approach, motivated through tractability of the resulting problems, is a constructive framework providing particular flexibility with respect to the dynamic aspects of risk. Y1 - 2008 UR - https://opus4.kobv.de/opus4-matheon/frontdoor/index/index/docId/503 UR - https://nbn-resolving.org/urn:nbn:de:0296-matheon-5035 ER -