The Future Energy System - A Problem of Planning under Uncertainty

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

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.

Brigelius, Lars,1955Gothenburg University,Göteborgs universitet,Företagsekonomiska institutionen,Department of Business Administration(Swepub:gu)xbrila (author)
Rosén, Peter,1955Gothenburg University,Göteborgs universitet,Företagsekonomiska institutionen,Department of Business Administration(Swepub:gu)xrosep (author)
Göteborgs universitetInstitutionen för nationalekonomi med statistik (creator_code:org_t)

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.

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

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