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Category: Success Stories

  • Forecasting and Position Management

    Forecasting and Position Management

    Company

    Integrated company operating a fleet of diverse generation assets in eastern Texas.

    Challenge

    Develop short and long-term operating plans to meet customer demand subject to state and federal regulations including FERC, NERC, and Texas PUC.

    SATURN

    • Implemented market calibration that derives simulation parameters and enables reliable market price forecasts.
    • Integrated market price simulation, generation optimization, load analysis, trading, and position management.
    • Empowered advanced stochastic simulation of generation production, costs, and margins.

    Impact

    • Empowered same-day analysis of management requests and enabled decision-making with confidence.
    • Automated customized daily reports for analysts, managers, and executives.
    • Streamlined data setup, reports visualization, and cross-departments collaboration.

    SATURN Applications

  • Market Analytics for Advisory Firm

    Market Analytics for Advisory Firm

    Company

    Advisory company that offers insights and strategic guidance to investors and hedging firms.

    Challenge

    Provide custom automated early morning report with updated market prices and technical indicators providing key metrics for trends, momentum, and volatility.

    SATURN

    • Developed an automated market analysis capability that offers daily updates of market technical indicators.
    • Customized process and reporting to meet advisory firm specific needs for multiple power and fuel markets across 4 ISOs.
    • Empowered highly efficient analysis of market movements and their impacts on financial metrics of advisory firm clients.

    Impact

    • Eliminated time-consuming data manipulation and spreadsheet processing.
    • Provided data-driven insights and enabled more informed analysis and updates.
    • Empowered reliable financial forecasts using detailed market indicators.

    SATURN Applications

  • Fuel Costs Hedging for an Airline

    Fuel Costs Hedging for an Airline

    Company

    International airline that operates a fleet of over 50 aircraft across 4 continents.

    Challenge

    Improve hedging strategy by using simulation-based forecasting and risk management solutions that enable advanced risk metrics and more accurate fuel cost forecasting.

    SATURN

    • Simulated most likely future jet fuel prices using most recent forward curves and captured market dynamics and price volatility.
    • Developed dynamic hedging strategies that comply with risk policy and analyzed impacts on airline margins and risks.
    • Empowered fast analysis of alternative strategies and enabled developing improved hedging and regular updates.

    Impact

    • Enabled advanced simulation-based analysis of structured hedging alternatives.
    • Identified effective risk management strategies that significantly reduce extreme risks.
    • Developed re-useable framework that enables fast updates and dynamic hedging.

    SATURN Applications

  • Enhanced Maximo Solutions

    Enhanced Maximo Solutions

    Company

    Consultant that deploys and supports IBM’s Enterprise Asset Management Maximo software.

    Challenge

    Improve Enterprise Asset Management solutions by integrating engineering and operating decisions with market-based economic and financial considerations.

    SATURN

    • Developed a framework to integrate IBM’s Enterprise Asset Management Maximo software with SATURN.
    • Enabled improved asset management solutions through advanced market modeling and margin management.
    • Facilitated including operating margin and financial risk management considerations in asset management.

    Impact

    • Enabled improved solutions that balance reliability-risk-margin tradeoffs.
    • Integrated asset management with financial risk management solutions.
    • Empowered enterprise resource planning and enabled online collaboration.

    SATURN Applications