Sang Baum Kang
Sang Baum “Solomon” Kang is an assistant professor of finance at Stuart School of Business, Illinois Institute of Technology (Illinois Tech). He holds a B.S. in Applied Statistics from Yonsei University in Korea, an M.S. in Actuarial Science from the University of Wisconsin at Madison, an M.S. in Computational Finance from Carnegie Mellon University, and a Ph.D. in Finance from McGill University in Canada. Dr. Kang’s research focuses on energy finance, real options, commodities, and financial derivatives. He has published in Energy Economics, Journal of Energy Markets, Economics Letters, Energy Risk, and Applied Economics Letters. His papers have been presented at the American Economic Association (AEA) Annual Meeting, the Society of Financial Econometrics (SoFiE) Annual Meeting, the Northern Finance Association (NFA) Annual Meeting, the Federal Deposit Insurance Corporation (FDIC) Derivatives and Risk Management Conference, the Financial Management Association (FMA) Annual Meeting, the FMA Asian Conference, and the Midwest Finance Association (MFA) Annual Meeting. His papers received the 2012 FMA Asian Conference Best Paper Award and the 2010 NFA Best PhD Student Paper Award. He taught at McGill University, Korea Advanced Institute of Science and Technology (KAIST), and Illinois Institute of Technology. He is a Financial Risk Manager (FRM) certified by Global Association of Risk Professionals (GARP). Prior to starting his PhD, Professor Kang worked for nine years in the energy sector doing financial modeling and analysis for commodity traders and risk managers; he assumed managerial positions including Director of Structuring and Pricing at PacifiCorp Energy, a subsidiary of Berkshire Hathaway Energy.
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Pricing fast-responding electric storage assets in the presence of negative prices and price spikes: a simulation-and-regression approach
This study focuses on the use of batteries for real-time power trading and proposes a simulation-and-regression-based valuation model.
This paper looks at the conditions under which a reasonable green policy by a US state encourages the early replacement of existing coal plants with new natural gas plants.