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Georg Ostermaier is founder, owner and managing director of Decision Trees GmbH, a Munich based firm focusing on the practical application of mathematical and stochastic programming in the European Energy industry. Georg received his graduate degree in Electrical Engineering from the Technical University of Munich and his PhD in Operations Research from the University of St. Gallen, Switzerland. Then he was working for an American consultancy as an analyst in energy trading and energy trading systems. Since 2006 he and his team have been developing stochastic optimization software systems for thermal power generation portfolios, hydro power generation systems, gas storage and gas contract valuation and gas procurement portfolio optimization. The mathematical models are applied in daily operational planning as well as for the strategic valuation of energy assets. Decision Trees GmbH has today a solid customer base in Germany, Austria, Switzerland, Norway and the United Kingdom and has proven to contribute to enhanced profits for energy producers in practice through stochastic optimization. (www.dtrees.com)