Application of System Dynamics Approach in Electricity Sector Modelling: A Review
Electricity has become a vital source of energy for social and economic development in modern era. Likewise, the issues of its planning and management have grown complex. To address complexity in decision making, researchers have chosen system dynamics (SD) modelling and simulation technique. A stat...
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| Format: | Article |
| Language: | English English |
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Elsevier
2016
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| Online Access: | http://umpir.ump.edu.my/id/eprint/8983/1/Application%20of%20system%20dynamics%20approach%20in%20electricity%20sector%20modelling-%20A%20review.pdf http://umpir.ump.edu.my/id/eprint/8983/7/Application%20Of%20System%20Dynamics%20Approach%20In%20Electricity%20Sector%20Modelling-%20A%20Review.pdf |
| _version_ | 1825822196223705088 |
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| author | Akhwanzada, Salman A. Razman, Mat Tahar Firdaus, Muhammad-Sukki Abu Bakar, Munir Ruzairi, Abdul Rahim |
| author_facet | Akhwanzada, Salman A. Razman, Mat Tahar Firdaus, Muhammad-Sukki Abu Bakar, Munir Ruzairi, Abdul Rahim |
| author_sort | Akhwanzada, Salman A. |
| collection | UMP |
| description | Electricity has become a vital source of energy for social and economic development in modern era. Likewise, the issues of its planning and management have grown complex. To address complexity in decision making, researchers have chosen system dynamics (SD) modelling and simulation technique. A state-of-art of such studies published during the period 2000–2013 is presented in this paper. The contribution of this review lies in categorizing the literature based on the important and contemporary researched areas. These research areas include models developed for policy assessment, generation capacity expansion, financial instruments, demand side management, mixing methods, and finally micro-worlds. Review shows that policy assessment and generation capacity expansion are the two most modelled topics. Financial instruments models evaluate different mechanism to support renewable technologies whereas mixing-methods channelize descriptive approach of SD into evaluating a single objective. Demand side management and micro-worlds are the least focused categories in SD. This paper also discusses the individual models in each category highlighting their construct, outcomes and any deficiencies. |
| first_indexed | 2024-03-06T11:52:57Z |
| format | Article |
| id | UMPir8983 |
| institution | Universiti Malaysia Pahang |
| language | English English |
| last_indexed | 2024-03-06T11:52:57Z |
| publishDate | 2016 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | UMPir89832016-04-12T00:44:51Z http://umpir.ump.edu.my/id/eprint/8983/ Application of System Dynamics Approach in Electricity Sector Modelling: A Review Akhwanzada, Salman A. Razman, Mat Tahar Firdaus, Muhammad-Sukki Abu Bakar, Munir Ruzairi, Abdul Rahim Q Science (General) Electricity has become a vital source of energy for social and economic development in modern era. Likewise, the issues of its planning and management have grown complex. To address complexity in decision making, researchers have chosen system dynamics (SD) modelling and simulation technique. A state-of-art of such studies published during the period 2000–2013 is presented in this paper. The contribution of this review lies in categorizing the literature based on the important and contemporary researched areas. These research areas include models developed for policy assessment, generation capacity expansion, financial instruments, demand side management, mixing methods, and finally micro-worlds. Review shows that policy assessment and generation capacity expansion are the two most modelled topics. Financial instruments models evaluate different mechanism to support renewable technologies whereas mixing-methods channelize descriptive approach of SD into evaluating a single objective. Demand side management and micro-worlds are the least focused categories in SD. This paper also discusses the individual models in each category highlighting their construct, outcomes and any deficiencies. Elsevier 2016 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/8983/1/Application%20of%20system%20dynamics%20approach%20in%20electricity%20sector%20modelling-%20A%20review.pdf application/pdf en http://umpir.ump.edu.my/id/eprint/8983/7/Application%20Of%20System%20Dynamics%20Approach%20In%20Electricity%20Sector%20Modelling-%20A%20Review.pdf Akhwanzada, Salman A. and Razman, Mat Tahar and Firdaus, Muhammad-Sukki and Abu Bakar, Munir and Ruzairi, Abdul Rahim (2016) Application of System Dynamics Approach in Electricity Sector Modelling: A Review. Renewable and Sustainable Energy Reviews, 56. pp. 29-37. ISSN 1364-0321. (Published) http://www.sciencedirect.com/science/article/pii/S136403211501299X DOI: 10.1016/j.rser.2015.11.034 |
| spellingShingle | Q Science (General) Akhwanzada, Salman A. Razman, Mat Tahar Firdaus, Muhammad-Sukki Abu Bakar, Munir Ruzairi, Abdul Rahim Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title | Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title_full | Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title_fullStr | Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title_full_unstemmed | Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title_short | Application of System Dynamics Approach in Electricity Sector Modelling: A Review |
| title_sort | application of system dynamics approach in electricity sector modelling a review |
| topic | Q Science (General) |
| url | http://umpir.ump.edu.my/id/eprint/8983/1/Application%20of%20system%20dynamics%20approach%20in%20electricity%20sector%20modelling-%20A%20review.pdf http://umpir.ump.edu.my/id/eprint/8983/7/Application%20Of%20System%20Dynamics%20Approach%20In%20Electricity%20Sector%20Modelling-%20A%20Review.pdf |
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