Message-ID: <24237095.1075840784274.JavaMail.evans@thyme> Date: Thu, 3 Jan 2002 11:55:01 -0800 (PST) From: paules@aspentech.com To: vkamins@enron.com Subject: Price Dynamics and Risk Management in the Energy Markets Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Granville Paules @ENRON X-To: 'vkamins@enron.com' X-cc: X-bcc: X-Folder: \vkamins\Inbox X-Origin: KAMINSKI-V X-FileName: vincent kaminski 1-30-02.pst Mr. Kaminski, Greetings. I work for Aspen Technology Inc. www.aspentech.com We have not met, but a colleague of mine forwarded a copy of your presentation on Price Dynamics in the Energy Markets from the SIAM conference last April and am writing to you to encourage you to consider making a presentation at Aspen's corporate world conference Aspen World 2002 in October in Washington DC on this topic as well as the broader topic of Risk assessment and management in the energy markets. I know this seems a little strange making a "cold-call" in this manner, but I am reaching out in the community of Risk and Uncertainty management in the Supply Chain, Process and Energy markets to identify and solicit compelling speakers. AspenTech does not have a traditionally strong or well developed business or application layer in this realm, but, as our enterprise-wide reach and activities in planning, forecasting and supply chain have grown and integrated, I and the technology drivers in the company have been cultivating a demand and recognition for risk management and pricing activities to BE the next logical dimension to our growth and technology. Therefore, the session I am chairing (see the abstract below) will be one intended to educate, entice, and compel our clientele, business partners and staff on the business value, technology and mathematical and modeling technique. I would be happy to elaborate on the intended audience and opportunity for the conference. Please contact me at your earliest convenience by email or phone at the numbers below to discuss things if you think it would be a possibility or, if you would like more information on the context of the work and subject matter in AspenTech's core businesses. Thanks in advance for your time. Sincerely, Skip Paules Uncertainty and Risk Management in Supply Chain and Process Modeling This session will examine the assessment and quantification of uncertainties and risk in the supply chain and process modeling arena. The emphasis is on the modeling and enterprise business process aspects. Topics should include: point solution methods, such as design and real-time optimization application at the process level; planning and scheduling applications; as well as enterprise level solution strategies that balance forecasting, supply chain, planning, scheduling and operations. Commodities trading models, strategies and techniques are also included in this scope. What developments in the applications and theory of the field will allow us to take collections of deterministic modeling tools to the next strategic level where objectives for capital projects, operations, and supply chain optimization models incorporate not only economics, but also value-at-risk and/or robustness elements to create more broadly applicable or hedged strategies to achieve the desired goals. Possible presentation topics will include: * Uncertain supply, demand in planning and scheduling * Robust plant-wide optimization (real-time) * Robust control * Value-at-risk (VAR) quantification in modeling applications * Dynamic hedging in commodities trading (e.g. energy markets) * Flexible design and synthesis * Model sensitivies to uncertain parameters or demand * General algorithmic and modeling strategies for incorporating Risk, Sensitivity, and/or Uncertainty _________________________________________ Granville (Skip) E. Paules IV, Ph.D. Principal Technologist - Advanced Technology Group AspenTech process. to the power of e. Ten Canal Park Cambridge, MA 02141-2201 USA 617-949-1501 (Phone) 617-949-1030 (Fax) email: mailto:granville.paules@aspentech.com Web: http://www.aspentech.com I find the great thing in this world is not so much where we stand, as in what direction we are moving: To reach the port of heaven, we must sail sometimes with the wind and sometimes against it - but we must sail, and not drift, nor lie at anchor. -- Oliver Wendell Holmes It's important to dream, and to live your dream. I dream everyday. At one moment or another, you have to live your dream. You have to do it, to make it real. -- Bernard Stamm, transatlantic monohull sailing record holder