Explaining to my parents what I do
neelsomani.com
Explaining to my parents what I do
1–10 of 51 posts
Re: Explaining to my parents what I do
#2Insightful thanks
Re: Explaining to my parents what I do
#3Good intro to the problem. I did a fair bit of work on more complex versions of this problem in distribution systems at a past job. Because a distribution system is unbalanced, each phase has to be solved for but the phases interact with each other so the optimization problem becomes ~9x more complex.
Re: Explaining to my parents what I do
#4So this is the business Enron was in? I can see why it can be so lucrative now.
Re: Explaining to my parents what I do
#5Good intro to the problem. I did a fair bit of work on more complex versions of this problem in distribution systems at a past job. Because a distribution system is unbalanced, each phase has to be solved for but the phases interact with each other so the optimization problem becomes ~9x more complex.
Totally, when you start optimizing over multiple time steps it gets way more difficult. You can essentially solve a single time step by hand.
Re: Explaining to my parents what I do
#6So this is the business Enron was in? I can see why it can be so lucrative now.
Lol. With such volatile prices it can easily blow up, too. But yeah the backlash post-Enron is a large reason why areas like the Pacific Northwest never joined an RTO.
Re: Explaining to my parents what I do
#7// Albert Einstein said: "If you can't explain it to a six year old, you don't understand it yourself." I like to think this is true about explaining things to my parents
- Isn't this a quote by Richard Feynman?
Re: Explaining to my parents what I do
#8Very interesting read. 6 year old me (optimistically) followed for about the first half and 40 year old me made it to about 85% through with full understanding.
Re: Explaining to my parents what I do
#9Super interesting read. I ended up getting curious as to who he worked for, checked out his LinkedIn and it turns out he works for Citadel.. I swear I've heard of that company somewhere? ;)
Re: Explaining to my parents what I do
#10Pricing at marginal cost is the biggest steal in economics.
Just because one folk who contributes 0.1% to the energy mix has double the average cost, everyone gets to sneak in and get free money.
Specially true in the last winter in Texas where we paid billions to the big power generators only to freeze to death.
The best trick that I have seen happening in the industry is suffocating supply so that the new marginal player just comes in, and then you collect all the extra free money, for essentially selling the same volume.
Good times.