Management Theory and Studies for Rural Business and Infrastructure Development, Volume 38, Number 4

Modeling local resources and constraints on the energy development

Vidas Lekavičius, Arvydas Galinis

Abstract

Renewable energy and local resources play increasingly important role in the contemporary energy system. However, many energy planning models fail to represent peculiarities and constraints related to the use of bioenergy and other local resources. The purpose of this research is to evaluate the impact of modelling methods used for the reflection of local energy and non-energy resources and constraints in energy planning models. For this, scientific literature concerning modelling methods has been analysed and special mathematical model has been created. This model allows for optimization of heat production in different generation sources. Global sensitivity and uncertainty analysis has revealed the most influential factors in both traditional specification of the model and extended one which includes reflection of local resources and constraints. The results of the research highlight the positive effects provided by the integration of local peculiarities into the traditional energy planning models.

JEL Codes: D62, M20, O13, Q41.

DOI: https://doi.org/10.15544/mts.2016.31

Keyword(s): local resources, energy economics, energy externalities


Full Text: PDF

Refbacks

  • There are currently no refbacks.
934 views

Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.