The Paul Scherrer Institute PSI is the largest research institute for natural and engineering sciences within Switzerland. We perform cutting-edge research in the fields of matter and materials, energy and environment and human health. By performing fundamental and applied research, we work on sustainable solutions for major challenges facing society, science and economy. PSI is committed to the training of future generations. Therefore, about one quarter of our staff are post-docs, post-graduates or apprentices. Altogether, PSI employs 2100 people.
For our fundamental research in energy economics, we are looking for aPhD StudentOn risk-averse energy markets with flexibility of storageYour tasks
Achievement of a PhD degree at ETH Zurich on cutting-edge mathematical analysis of energy markets where risk-averse market players use storage technologies and financial hedging instruments
Development of the methodological basis and model-based application related to electricity markets with an increasingly higher level of storage possibilities
Assessment of optimal financial hedging mechanisms for different types of risk-averse players on energy markets, including barriers for their adoption and optimal usage
Estimate players' benefits, social costs and market price impacts under different assumptions on risk measurement and perception, and different degrees of market completeness
Analysis using financial hedging/replication theory, adopted to energy markets, under different assumptions of financial risk measurement; corresponding numerical analysis with a market equilibrium model
Dissemination and publication of research in academic journals and at conferences. Support teaching activities and specific other scientific tasks of the group
Your profile
Very good mathematical skills
You have (or are about to get) a master degree in operations research, mathematics/finance (especailly financial risk management and hedging/option theory) or economics/energy-economics (with master courses taken in operations research, math or finance)
Mathematical optimization software skills are beneficial (i.e. GAMS)
You have good written and verbal communication skills, and enjoy working in an international team. Good English language skills are essential
You can provide in your submission a recommendation from a person in the field of either operations research, mathematics, finance or quantitative economics.
We offerOur institution is based on an interdisciplinary, innovative and dynamic collaboration. You will profit from a systematic training on the job, in addition to personal development possibilities and our pronounced vocational training culture. If you wish to optimally combine work and family life or other personal interests, we are able to support you with our modern employment conditions and the on-site infrastructure.
For further information, please contact Dr Tom Kober, tom.kober@psi.ch or for project related questions Dr Martin Densing martin.densing@psi.ch.
Please submit your application online by 26 April 2020 (including addresses of referees) for the position as a PhD Student (index no. 4502-01).
Paul Scherrer Institut Human Resources Management, Nicole Schubert, 5232 Villigen PSI, Switzerland
