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...

Full description

Bibliographic Details
Main Authors:	Akhwanzada, Salman A., Razman, Mat Tahar, Firdaus, Muhammad-Sukki, Abu Bakar, Munir, Ruzairi, Abdul Rahim
Format:	Article
Language:	English English
Published:	Elsevier 2016
Subjects:	Q Science (General)
Online Access:	http://umpir.ump.edu.my/id/eprint/8983/ http://umpir.ump.edu.my/id/eprint/8983/ http://umpir.ump.edu.my/id/eprint/8983/ 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

id	ump-8983
recordtype	eprints
spelling	ump-89832016-04-12T00:44:51Z 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 http://www.sciencedirect.com/science/article/pii/S136403211501299X DOI: 10.1016/j.rser.2015.11.034
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English English
topic	Q Science (General)
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
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.
format	Article
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.
title	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_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_sort	application of system dynamics approach in electricity sector modelling: a review
publisher	Elsevier
publishDate	2016
url	http://umpir.ump.edu.my/id/eprint/8983/ http://umpir.ump.edu.my/id/eprint/8983/ http://umpir.ump.edu.my/id/eprint/8983/ 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
first_indexed	2023-09-18T22:07:03Z
last_indexed	2023-09-18T22:07:03Z
_version_	1777414777944932352

Application of System Dynamics Approach in Electricity Sector Modelling: A Review

Similar Items