The Future Energy System - A Problem of Planning under Uncertainty

• Assumptions about future conditions (e.g. fuel prices) are more or less uncertain. Since energy investment projects most often are characterised by high costs and a planned long term utilisation, missallocation of resources may be very expensive. Using the MARKAL model, a number of stylized examples are provided in order to illustrate the economic consequences of misjudgment. Furthermore, possible guidelines for decision-making under uncertainty are illustrated. Finally the boundaries of this analytical approach are highlighted.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

Nyckelord

Decsion-making

uncertainty

energy system

MARKAL

Publikations- och innehållstyp

ref (ämneskategori)

kon (ämneskategori)