Energy modelling: A new challenge for management science

Samouilidis, J

dc.contributor.author	Samouilidis, J	en
dc.date.accessioned	2014-03-01T01:05:49Z
dc.date.available	2014-03-01T01:05:49Z
dc.date.issued	1980	en
dc.identifier.issn	0305-0483	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/9014
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0019196772&partnerID=40&md5=b99e42ed16109a0a599c134883407a37	en
dc.subject.classification	Management	en
dc.subject.classification	Operations Research & Management Science	en
dc.title	Energy modelling: A new challenge for management science	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1980	en
heal.abstract	The Arab oil embargo in 1973 and the subsequent price rises and production restrictions have given birth to a distinct branch within Management Science: energy modelling. This paper gives a critical and selective review on energy modelling, an industry which though thriving in an era of general economic anxiety, is showing signs of arrogant immaturity. After giving a historical background, the paper classifies energy models into three groups: open loop demand or supply models; energy closed loop models; energy-economy closed loop models. For each group the problem area is analysed and some illustrative examples are described. In the last sections, an attempt is made to sum up the experience that has been gained with energy modelling: the basic deficiencies, the impact of this activity on policy formulation and its position within Management Science. It is concluded that energy models, though very poor forecasting devices, can be very useful to policy makers as tools for analysis; energy model developers must convince potential model users and for that purpose they can benefit immensely from the 35-year-long experience accumulated by their colleagues in Management Science. © 1980.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Omega	en
dc.identifier.isi	ISI:A1980KS28500002	en
dc.identifier.volume	8	en
dc.identifier.issue	6	en
dc.identifier.spage	609	en
dc.identifier.epage	621	en