Research Summary
Specializing in risk analysis, uncertainty analysis, and decision-making under uncertainty, Dr. Webster’s current research projects include stochastic dynamic modeling of the electric power system focusing on the integration of intermittent renewable generation, modeling technological change as a stochastic process and implications for near-term R&D portfolios, and flexible air quality strategies under uncertainty using integrated economic/energy/chemistry regional models.
In the News
Research Keywords
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Projects
Recent Publications
Stochastic Transmission Planning: Latent Factor Approximation of AC Costs With DC Subproblems
Bukenberger, J. & Webster, M., Jan 1 2024, In: IEEE Transactions on Power Systems. 39, 1, p. 28-39 12 p.Research output: Contribution to journal › Article › peer-review
Intraday markets, wind integration and uplift payments in a regional U.S. power system
Hohl, C., Lo Prete, C., Radhakrishnan, A. & Webster, M., Apr 2023, In: Energy Policy. 175, 113503.Research output: Contribution to journal › Article › peer-review
Coal-Biomass Co-firing within Renewable Portfolio Standards: Strategic Adoption by Heterogeneous Firms and Emissions Implications
Valqui, B., Webster, M. D., Sun, S. & Hertel, T. W., 2023, In: Energy Journal. 44, 1, p. 115-148 34 p.Research output: Contribution to journal › Article › peer-review
Integrated hydrological, power system and economic modelling of climate impacts on electricity demand and cost
Webster, M., Fisher-Vanden, K., Kumar, V., Lammers, R. B. & Perla, J., Feb 2022, In: Nature Energy. 7, 2, p. 163-169 7 p.Research output: Contribution to journal › Article › peer-review
Transition to Low-Carbon Electric Power: Portfolios, Flexibility, and Option Value
Webster, M., Zhao, B., Bukenberger, J. & Blumsack, S., Jul 5 2022, In: Environmental Science and Technology. 56, 13, p. 9583-9592 10 p.Research output: Contribution to journal › Article › peer-review
Scenario Partitioning Methods for Two-Stage Stochastic Generation Expansion Under Multi-Scale Uncertainty
Zhao, B., Bukenberger, J. & Webster, M., May 1 2022, In: IEEE Transactions on Power Systems. 37, 3, p. 2371-2383 13 p.Research output: Contribution to journal › Article › peer-review
The Impacts of Distinct Flexibility Enhancements on the Value and Dynamics of Natural Gas Power Plant Operations
Varghese, S., Dalvi, S., Narula, A. & Webster, M., Nov 1 2021, In: IEEE Transactions on Power Systems. 36, 6, p. 5803-5813 11 p.Research output: Contribution to journal › Article › peer-review
Approximate Latent Factor Algorithm for Scenario Selection and Weighting in Transmission Expansion Planning
Bukenberger, J. P. & Webster, M. D., Mar 2020, In: IEEE Transactions on Power Systems. 35, 2, p. 1099-1108 10 p., 8846058.Research output: Contribution to journal › Article › peer-review
Fine-Scale Analysis of the Energy-Land-Water Nexus: Nitrate Leaching Implications of Biomass Cofiring in the Midwestern United States
Sun, S., Ordonez, B. V., Webster, M. D., Liu, J., Kucharik, C. J. & Hertel, T., Feb 18 2020, In: Environmental Science and Technology. 54, 4, p. 2122-2132 11 p.Research output: Contribution to journal › Review article › peer-review
Uses for expanded production of natural gas liquids: chemicals or power?
Allen, D. T., Cardoso-Saldaña, F. J., McGaughey, G., McDonald-Buller, E. & Webster, M., Jan 1 2018, In: Wiley Interdisciplinary Reviews: Energy and Environment. 7, 1, e258.Research output: Contribution to journal › Review article › peer-review
Hedging strategies: Electricity investment decisions under policy uncertainty
Morris, J. F., Srikrishnan, V., Webster, M. D. & Reilly, J. M., 2018, In: Energy Journal. 39, 1, p. 101-122 22 p.Research output: Contribution to journal › Article › peer-review
Dynamic control of runway configurations and of arrival and departure service rates at jfk airport under stochastic queue conditions
Jacquillat, A., Odoni, A. R. & Webster, M. D., 2017, In: Transportation Science. 51, 1, p. 155-176 22 p.Research output: Contribution to journal › Article › peer-review
Inter-temporal R&D and capital investment portfolios for the electricity industry’s low carbon future
Santen, N. R., Webster, M. D., Popp, D. & Pérez-Arriaga, I., Jan 2017, In: Energy Journal. 38, 1, p. 1-24 24 p.Research output: Contribution to journal › Article › peer-review
Should we give up after solyndra? Optimal technology R&D portfolios under uncertainty
Webster, M., Fisher-Vanden, K., Popp, D. & Santen, N., Sep 1 2017, In: Journal of the Association of Environmental and Resource Economists. 4, S1, p. S123-S151Research output: Contribution to journal › Article › peer-review
Technology adoption under time-differentiated market-based instruments for pollution control
Craig, M., McDonald-Buller, E. & Webster, M., Nov 1 2016, In: Energy Economics. 60, p. 23-34 12 p.Research output: Contribution to journal › Article › peer-review