Implementation of Management Information System in Nordic energy business: A case study

Juha P. Lahti; Tomi Mäkipelto; Ahm Shamsuzzoha; Timo Kankaanpää

doi:10.1109/ICTKE.2012.6152401

Implementation of Management Information System in Nordic energy business: A case study

Juha P. Lahti^*, Tomi Mäkipelto, Ahm Shamsuzzoha, Timo Kankaanpää

^*Corresponding author for this work

Mechanical and Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

6 Citations (Scopus)

Abstract

Energy business actors operating in the open energy market in Nordic countries like Finland, Sweden, Norway and Denmark are under intensive market pressure. This pressure forces the energy business actors continuously to improve their Management Information Systems (MIS). The power production portfolio in an individual energy business actor is affected by strategic decisions in longer period and power trading variables in the shorter period. In order to optimize the strategic decisions and power trading variables, this research study presents an overall definition of the MIS, specifically emphasize on its implementation perspectives on the energy market. In this paper, the authors presented a case study research as conducted within the Nordic energy sector with the objectives to implement the MIS and its solution perspective in the energy business sector. This study also presents the fundamentals of the case company's MIS architecture, its related challenges and future perspectives.

Original language	English
Title of host publication	International Conference on ICT and Knowledge Engineering
Pages	171-176
Number of pages	6
DOIs	https://doi.org/10.1109/ICTKE.2012.6152401
Publication status	Published - 2011
Event	9th International Conference on ICT and Knowledge Engineering, ICT and KE 2011 - Bangkok, Thailand Duration: Jan 12 2012 → Jan 13 2012

Other

Other	9th International Conference on ICT and Knowledge Engineering, ICT and KE 2011
Country	Thailand
City	Bangkok
Period	1/12/12 → 1/13/12

Keywords

data warehouse
energy business
management information systems
Nordic power markets

ASJC Scopus subject areas

Computer Networks and Communications
Computer Science Applications
Information Systems

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Lahti, JP, Mäkipelto, T, Shamsuzzoha, A & Kankaanpää, T 2011, Implementation of Management Information System in Nordic energy business: A case study. in International Conference on ICT and Knowledge Engineering., 6152401, pp. 171-176, 9th International Conference on ICT and Knowledge Engineering, ICT and KE 2011, Bangkok, Thailand, 1/12/12. https://doi.org/10.1109/ICTKE.2012.6152401

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N2 - Energy business actors operating in the open energy market in Nordic countries like Finland, Sweden, Norway and Denmark are under intensive market pressure. This pressure forces the energy business actors continuously to improve their Management Information Systems (MIS). The power production portfolio in an individual energy business actor is affected by strategic decisions in longer period and power trading variables in the shorter period. In order to optimize the strategic decisions and power trading variables, this research study presents an overall definition of the MIS, specifically emphasize on its implementation perspectives on the energy market. In this paper, the authors presented a case study research as conducted within the Nordic energy sector with the objectives to implement the MIS and its solution perspective in the energy business sector. This study also presents the fundamentals of the case company's MIS architecture, its related challenges and future perspectives.

AB - Energy business actors operating in the open energy market in Nordic countries like Finland, Sweden, Norway and Denmark are under intensive market pressure. This pressure forces the energy business actors continuously to improve their Management Information Systems (MIS). The power production portfolio in an individual energy business actor is affected by strategic decisions in longer period and power trading variables in the shorter period. In order to optimize the strategic decisions and power trading variables, this research study presents an overall definition of the MIS, specifically emphasize on its implementation perspectives on the energy market. In this paper, the authors presented a case study research as conducted within the Nordic energy sector with the objectives to implement the MIS and its solution perspective in the energy business sector. This study also presents the fundamentals of the case company's MIS architecture, its related challenges and future perspectives.

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