2014
DOI: 10.17159/2413-3051/2014/v25i4a2243
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Energy models: Methods and characteristics

Abstract: Given the importance of models in complicated problem solving, an inappropriate energy model can lead to inaccurate decisions and poor policy prescriptions. This paper aims at developing a decision support tool with which the selection of appropriate model characteristics can be facilitated for developing countries. Hence, it provides a comparative overview of different ways of energy models characterization and extracts the underlying relationships amongst them. Moreover, evolution of dynamic characteristics … Show more

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Cited by 24 publications
(10 citation statements)
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“…In summary, optimization problem deals with finding the optimal choice out of a set of alternatives by either maximizing or minimizing set of functions in real time [33]. Energy aspect of optimization models are used in optimizing energy investment decisions endogenously and the results are normally the optimal solution for some input variables to satisfy certain constraints.…”
Section: Review Of Optimization Techniques For Tnep Problemsmentioning
confidence: 99%
“…In summary, optimization problem deals with finding the optimal choice out of a set of alternatives by either maximizing or minimizing set of functions in real time [33]. Energy aspect of optimization models are used in optimizing energy investment decisions endogenously and the results are normally the optimal solution for some input variables to satisfy certain constraints.…”
Section: Review Of Optimization Techniques For Tnep Problemsmentioning
confidence: 99%
“…Hence, residual load forecasting is the center of attention in this area of research from the both academic and practical point of view. Different forecasting approaches, from statistical to computational intelligent have been applied in the past [3,4]. Based on the number of techniques, the related literature is typically divided into two main categories: stand-alone and hybrid methods consisting of one and more than one technique respectively and based on the type of the underlying technique, stand-alone methods are divided into three methods namely Statistical, Casual and Computational Intelligence methods.…”
Section: Introductionmentioning
confidence: 99%
“…GEP addresses the problem of identifying the most adequate technologies, expansion size and timing for power generation to satisfy future demands in terms of social, environmental, and economic criteria. Existing GEP models in the literature have been reviewed broadly from both a conceptual (Kagiannas et al , 2004) and a detailed modeling perspective (Bakirtzis et al , 2012; Neshat et al , 2014; Krishnan et al , 2016; Wierzbowski et al , 2016). The inflexibility, variability and relative unpredictability of intermittent nature of renewable power sources cause the investors and regulators to encounter risk in their investment and expansion decisions.…”
Section: Introductionmentioning
confidence: 99%