Innovator Article

Planning for Uncertainty in Power Generation

Renewable sources such as wind and solar power are an increasing part of the nation’s energy mix, but these green resources also bring new uncertainty to our power supply. Professor David Woodruff is collaborating on a new, federally funded project to help power utilities navigate in this new reality.

“The goal is to be able to plan to generate power in the face of the uncertainty caused by a 30 percent penetration of renewables in the power supply,” said Woodruff.

Woodruff and Distinguished Research Professor Roger Wets in the UC Davis Department of Mathematics, both leading experts on optimization under uncertainty, have teamed up on the $3 million, two-year project with partners at Iowa State University, Sandia National Laboratories, Alstom Inc. and the Independent System Operator (ISO)–New England.

The team’s goal is to develop tools for power utilities and regional system operators such as ISO–New England. The project is funded through the Green Electricity Network Integration program of the U.S. Department of Energy’s Advanced Research Projects Agency–Energy. The Department of Energy also funded some of the basic research leading to this project.

Wind and solar power bring big advantages in reducing carbon emissions, but power generation can drop suddenly with cloud cover or a change in wind speed. To compensate for that, power system managers keep extra capacity from coal- and gas-fired plants in reserve. That means that the effective cost of power can fluctuate over a few hours or even minutes.

Woodruff, Wets and their colleagues are pursuing an optimal way to hedge against fluctuations in regional power supply on time-scales from 45 minutes, a few hours or 24 hours. They will exploit large-scale computational models to explore all the possibilities and come up with optimal hedging strategies.

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News Release

UC Davis Part-Time MBA Ranked in Nation’s Top 9%
Fourth Consecutive Year among U.S News & World Report's Premier Programs

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(Davis, CA) — The UC Davis Part-Time MBA program offered in Sacramento and the San Francisco Bay Area is ranked among the top 9% in the U.S., according to U.S. News & World Report’s latest graduate business school rankings.

At No. 29, this is the fourth consecutive year the UC Davis Part-Time MBA program is among the top AACSB International-accredited part-time MBA programs surveyed. This year, there were 323 part-time MBA programs surveyed.

News Release

UC Davis Full-Time MBA Ranked among Nation’s Premier Programs for 20th Consecutive Year
MBA Programs among Top 10% in U.S.
Record Salary and Bonus

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(Davis, CA) — The UC Davis Graduate School of Management’s Full-Time MBA program is ranked among the premier business schools in the nation for the 20th consecutive year, according to U.S. News & World Report’s latest graduate business school rankings released today.

U.S. News’ latest ranking places the Full-Time MBA program at No. 48, placing it among the top 10% of the 464 Association to Advance Collegiate Schools of Business International’s accredited full-time MBA programs surveyed.

Key statistics from the School’s Full-Time MBA ranking include:

News Release

UC Davis Graduate School of Management partners with Lawrence Livermore and Sandia National Labs to drive technologies from lab to market

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(Davis, Calif.) – With a joint goal of speeding the transfer of new technologies from the laboratory to the commercial marketplace, the UC Davis Graduate School of Management, Lawrence Livermore National Laboratory and Sandia National Laboratories have announced a new partnership for researchers to develop their entrepreneurial skills.

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Vickie Sherman MBA 13 Finds Her Passion, Her Career—and Herself

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What opportunities, decisions, events have shaped your professional life?

My career path has been a climb across a jungle gym rather than a tangent up a corporate ladder. As a child, I used to thumb through the three-inch JCPenney catalogue, picking out the professional women who I would grow to be. I wanted to rule the world from a corner office in a suit and heels. I wanted to shed my humble origins and become Corporate Barbie.

Spotlight Story

MBA Student Consultants Make an IMPACT
Projects Put Business Needs Front and Center

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Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.