Wednesday, August 28, 2024

Learning Stochastics for Natural Gas Derivatives

Universities that offers courses related to energy derivative

- ETH Zurich


https://library.wbi.ac.id/repository/55.pdf

Commodity Option Pricing 343

343pg textbook


https://core.ac.uk/download/pdf/144484481.pdf

Spot Price Models for Natural Gas - Robustness of the Convenience Yield Approach

phd dissertation 214pg


https://www.bauer.uh.edu/spirrong/pirrong_commodity_book_110310.pdf

256pg textbook

Commodity Price Dynamics A Structural Approach

electricity options, forward curve, storage, 


https://repositorio.comillas.edu/jspui/bitstream/11531/1291/1/PFC000040.pdf

MODELING, PRICING AND HEDGING DERIVATIVES ON NATURAL GAS: AN ANALYSIS OF THE INFLUENCE OF THE UNDERLYING PHYSICAL MARKET

162 pg, masters thesis

numerical methods 20pg, spot model, forward model, PCA analysing forward model, case study on henry hub 2008-2013

many line graphs

heavy on teaching fundamental on natural gas trading

basic stochastics on derivative valuation

many accompanying python code 

comment: extremely good for junior natural gas quant, basic stochastics


https://ethz.ch/content/dam/ethz/special-interest/math/applied-mathematics/sam-dam/teaching-and-studies/theses/BarryThorntonMSC.pdf

Electricity Spot Price Modelling and Derivatives Pricing

masters thesis, 66pg    

spot modelling, levy process, risk neutral calibration to historical spot price, stochastics, pide derivation

comment: masters level thesis but with extensive high-level stochastics


https://essay.utwente.nl/67601/1/Roelofs_MA_BMS.pdf

Incorporating Seasonality and Volatility Updating in Gas Storage Valuation for the Purpose of Validation

masters thesis, 93 pg

forward curve analysis, garch, simulation

least square monte carlo method to optimize operation of gas storage


https://www.research-collection.ethz.ch/bitstream/handle/20.500.11850/4352/eth-29447-02.pdf

Modeling, Pricing and Risk Management of Power Derivatives

phd thesis

155 pg

modelling 

historical model calibration

swing options

comment: extensive stochastics


https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=f1ecedfc1f25436eac2063dc3da8f0af213b7e26

Stochastic Programming Models in Energy

41pg textbook like

little stochastics, focusing more on how to run the code (e.g. optimization for calibration to historical data)


https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=830cbba147c9b576e2db5169ed191b9a5c022e46

Valuation of Commodity-Based Swing Options

32pg research paper


https://edoc.hu-berlin.de/bitstream/handle/18452/14817/zolotko.pdf?sequence=1

Modelling interdependence in a pair of heating oil and natural gas futures curves

masters thesis

68pg


https://prism.ucalgary.ca/server/api/core/bitstreams/2a0915d8-944f-4df5-8cee-b7ea1118ffdd/content

Locational Spread Options for natural gas with Stochastic Correlation

78pg research paper




 











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