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A system dynamics based model for coal investment

Author

Listed:
  • Fan, Ying
  • Yang, Rui-Guang
  • Wei, Yi-Ming

Abstract

Coal is the dominating energy source in China. Although the supply and demand of coal has kept equilibrium along with China's continuous and steady economic development in recent years, the sustainable production ability has been seriously decreasing. In this paper, a system dynamics model is developed taking the investment in coal industry, available reserves, mine construction and coal supply capability into account. With the model, the impact of the investment in state-owned mines and geological prospecting is investigated. And the optimal investment size is put forward.

Suggested Citation

  • Fan, Ying & Yang, Rui-Guang & Wei, Yi-Ming, 2007. "A system dynamics based model for coal investment," Energy, Elsevier, vol. 32(6), pages 898-905.
    • Handle: RePEc:eee:energy:v:32:y:2007:i:6:p:898-905
    DOI: 10.1016/j.energy.2006.09.015
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    Citations

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    Cited by:

    1. Abada, Ibrahim & Briat, Vincent & Massol, Olivier, 2013. "Construction of a fuel demand function portraying interfuel substitution, a system dynamics approach," Energy, Elsevier, vol. 49(C), pages 240-251.
    2. Armin Leopold, 2016. "Energy related system dynamic models: a literature review," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 24(1), pages 231-261, March.
    3. Yu, Shiwei & Wei, Yi-ming, 2012. "Prediction of China's coal production-environmental pollution based on a hybrid genetic algorithm-system dynamics model," Energy Policy, Elsevier, vol. 42(C), pages 521-529.
    4. Arango-Aramburo, Santiago & Bernal-García, Sebastián & Larsen, Erik R., 2021. "Renewable energy sources and the cycles in deregulated electricity markets," Energy, Elsevier, vol. 223(C).
    5. Jianzhong Xiao & Jinhua Cheng & Jun Shen & Xiaolin Wang, 2017. "A System Dynamics Analysis of Investment, Technology and Policy that Affect Natural Gas Exploration and Exploitation in China," Energies, MDPI, vol. 10(2), pages 1-19, January.
    6. Yang, Honglin & Wang, Lin & Tian, Lixin, 2015. "Evolution of competition in energy alternative pathway and the influence of energy policy on economic growth," Energy, Elsevier, vol. 88(C), pages 223-233.

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