The Future Energy System - A Problem of Planning under Uncertainty

Bergendahl, Per-Anders, 1947 (author): Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics

Brigelius, Lars, 1955 (author): Gothenburg University,Göteborgs universitet,Företagsekonomiska institutionen,Department of Business Administration

Rosén, Peter, 1955 (author): Gothenburg University,Göteborgs universitet,Företagsekonomiska institutionen,Department of Business Administration

(creator_code:org_t)

1985
1985
English.
In: In: Kydes AS, Gereghty DM, editors. Energy markets in the longer-term: planning under uncertainty—proceedings of the IMACS second international symposium. Amsterdam: North-Holland; 1985. p. 253–60..

Abstract Subject headings

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.

By the author/editor: Bergendahl, Per- ...; Brigelius, Lars, ...; Rosén, Peter, 19 ...

About the subject

SOCIAL SCIENCES: SOCIAL SCIENCES; and Economics and Bu ...; and Business Adminis ...

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