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Exploring Opportunities
(2017)
Motivated by the increasing share of renewable energy in the markets for energy commodities, this study has evaluated the potential for optimizing production planning by taking into account disposable options for procuring energy, in this case electricity. For this purpose, a material flow simulation study extended by an electricity price simulation has been executed to examine possible cost scenarios. Our findings support the notion of a potential for further research in new optimization models involving energy procurement as well as energy trading options