IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v4y2012i6p1135-1153d18054.html
   My bibliography  Save this article

Using Sustainability Engineering to Gain Universal Sustainability Efficiency

Author

Listed:
  • Aleksandras Vytautas Rutkauskas

    (Vilnius Gediminas Technical University, Faculty of Business Management, Sauletekio Ave. 11, SRC-605, LT-10223, Vilnius, Lithuania)

Abstract

The present article is an attempt to perceive the universal sustainability observable in an individual country or region, where the religious, political, social-demographic, economic, environmental, creative, technological and investment subsystems are revealed not only through the vitality of spiritual and material existence media, but rather through the signs of the development of these subsystems as self-assembled units through the erosion of their interaction. The problem of optimal allocation of investment resources among the separate sustainability’s subsystems was addressed by means of expert methods and techniques of portfolio methodology which will enable the achievement of the enshrined universal sustainability standards. A country-specific index composition of sustainability subsystems’ indices was chosen as the universal sustainability index for the specific country. The index in its dynamics is perceived as a random process. While projecting its state and evaluating its power, i.e. , the impact of the subsystem efficiency in a particular moment, this power is measured by the level of the index and the reliability or guarantee of an appropriate level. To solve the problem of investment resources allocation, the idea of Markowitz Random Field was invoked in order to reach the maximum power of sustainability index while applying the technical solution—the so-called “GoldSim” system. Engineering is a methodology that aspires to reveal the core attributes of complex systems and instruments in order to manage the possibility to influence these properties for the systems. Experimental expert evaluation and case study is performed on Lithuanian data.

Suggested Citation

  • Aleksandras Vytautas Rutkauskas, 2012. "Using Sustainability Engineering to Gain Universal Sustainability Efficiency," Sustainability, MDPI, vol. 4(6), pages 1-19, May.
    • Handle: RePEc:gam:jsusta:v:4:y:2012:i:6:p:1135-1153:d:18054
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/4/6/1135/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/4/6/1135/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Omer, Abdeen Mustafa, 2008. "Energy, environment and sustainable development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(9), pages 2265-2300, December.
    2. Sardar Islam, 2005. "Economic Modelling in Sustainability Science: Issues, Methodology, and Implications," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 7(3), pages 377-400, September.
    3. Fabio Orecchini & Adriano Santiangeli & Valeria Valitutti, 2011. "Sustainability Science: Sustainable Energy for Mobility and Its Use in Policy Making," Sustainability, MDPI, vol. 3(10), pages 1-11, October.
    4. Streimikiene, Dalia & Simanaviciene, Zaneta & Kovaliov, Ruslan, 2009. "Corporate social responsibility for implementation of sustainable energy development in Baltic States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(4), pages 813-824, May.
    5. Ivanovic, Olja D. Munitlak & Golusin, Mirjana T. & Dodic, Sinisa N. & Dodic, Jelena M., 2009. "Perspectives of sustainable development in countries of Southeastern Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 2079-2087, October.
    6. Sinclair, Philip, 2011. ""Describing the elephant": A framework for supporting sustainable development processes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 2990-2998, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alfredas Lukasevicius & Indre Lapinskaite, 2014. "Strategy of Sustainable Development in Investment Portfolio Case," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 3-18.
    2. Marc A. Rosen, 2012. "Engineering Sustainability: A Technical Approach to Sustainability," Sustainability, MDPI, vol. 4(9), pages 1-23, September.
    3. Aleksandras Vytautas Rutkauskas & Viktorija Stasytytė & Nijolė Maknickienė, 2014. "Government debt as the integral portfolio of assets and liabilities generated by debt," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(1), pages 22-40, February.
    4. Wei Shan & Jingyi Wang, 2018. "Mapping the Landscape and Evolutions of Green Supply Chain Management," Sustainability, MDPI, vol. 10(3), pages 1-23, February.
    5. Marc A. Rosen, 2013. "Engineering and Sustainability: Attitudes and Actions," Sustainability, MDPI, vol. 5(1), pages 1-15, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yanine, Franco F. & Sauma, Enzo E., 2013. "Review of grid-tie micro-generation systems without energy storage: Towards a new approach to sustainable hybrid energy systems linked to energy efficiency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 60-95.
    2. Mohammed A. Al-Ghamdi & Khalid S. Al-Gahtani, 2022. "Integrated Value Engineering and Life Cycle Cost Modeling for HVAC System Selection," Sustainability, MDPI, vol. 14(4), pages 1-30, February.
    3. Anna Laura Pisello & Gloria Pignatta & Veronica Lucia Castaldo & Franco Cotana, 2014. "Experimental Analysis of Natural Gravel Covering as Cool Roofing and Cool Pavement," Sustainability, MDPI, vol. 6(8), pages 1-17, July.
    4. Jeonghwa Cha & Kyungbo Park & Hangook Kim & Jongyi Hong, 2023. "Crisis Index Prediction Based on Momentum Theory and Earnings Downside Risk Theory: Focusing on South Korea’s Energy Industry," Energies, MDPI, vol. 16(5), pages 1-20, February.
    5. Tang, Rui & Li, Hangxin & Wang, Shengwei, 2019. "A game theory-based decentralized control strategy for power demand management of building cluster using thermal mass and energy storage," Applied Energy, Elsevier, vol. 242(C), pages 809-820.
    6. Wang, Jiangjiang & Zhai, Zhiqiang (John) & Jing, Youyin & Zhang, Chunfa, 2010. "Optimization design of BCHP system to maximize to save energy and reduce environmental impact," Energy, Elsevier, vol. 35(8), pages 3388-3398.
    7. Halkos, George & Nomikos, Stylianos, 2021. "Corporate social responsibility: Trends in global reporting initiative standards," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 106-117.
    8. Anna Barwińska Małajowicz & Miroslava Knapková & Krzysztof Szczotka & Miriam Martinkovičová & Radosław Pyrek, 2022. "Energy Efficiency Policies in Poland and Slovakia in the Context of Individual Well-Being," Energies, MDPI, vol. 16(1), pages 1-29, December.
    9. Wang, Chengchao & Yang, Yusheng & Zhang, Yaoqi, 2012. "Rural household livelihood change, fuelwood substitution, and hilly ecosystem restoration: Evidence from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2475-2482.
    10. Deng, Cheng-gang & Chen, Fei, 2021. "Model verification and photo-thermal conversion assessment of a novel facade embedded compound parabolic concentrator," Energy, Elsevier, vol. 220(C).
    11. Meng, Xiangmei & de Jong, Wiebren & Kudra, Tadeusz, 2016. "A state-of-the-art review of pulse combustion: Principles, modeling, applications and R&D issues," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 73-114.
    12. Toledo, Olga Moraes & Oliveira Filho, Delly & Diniz, Antônia Sônia Alves Cardoso, 2010. "Distributed photovoltaic generation and energy storage systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 506-511, January.
    13. de Almeida, Claudinei & Bariccatti, Reinaldo Aparecido & Frare, Laercio Mantovani & Camargo Nogueira, Carlos Eduardo & Mondardo, Andrei Antônio & Contini, Leonardo & Gomes, Gláucio José & Rovaris, Sol, 2017. "Analysis of the socio-economic feasibility of the implementation of an agro-energy condominium in western Paraná – Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 601-608.
    14. Baležentis, Alvydas & Baležentis, Tomas & Streimikiene, Dalia, 2011. "The energy intensity in Lithuania during 1995–2009: A LMDI approach," Energy Policy, Elsevier, vol. 39(11), pages 7322-7334.
    15. Alrubaih, M.S. & Zain, M.F.M. & Alghoul, M.A. & Ibrahim, N.L.N. & Shameri, M.A. & Elayeb, Omkalthum, 2013. "Research and development on aspects of daylighting fundamentals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 494-505.
    16. Zoltan Varga & Ervin Racz, 2022. "Machine Learning Analysis on the Performance of Dye-Sensitized Solar Cell—Thermoelectric Generator Hybrid System," Energies, MDPI, vol. 15(19), pages 1-18, October.
    17. Zamora, Ramon & Srivastava, Anurag K., 2010. "Controls for microgrids with storage: Review, challenges, and research needs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 2009-2018, September.
    18. Karunakaran Venkatesan & Uma Govindarajan & Padmanathan Kasinathan & Sanjeevikumar Padmanaban & Jens Bo Holm-Nielsen & Zbigniew Leonowicz, 2019. "Economic Analysis of HRES Systems with Energy Storage During Grid Interruptions and Curtailment in Tamil Nadu, India: A Hybrid RBFNOEHO Technique," Energies, MDPI, vol. 12(16), pages 1-26, August.
    19. Rustemli, Sabir & Dincer, Furkan & Unal, Emin & Karaaslan, Muharrem & Sabah, Cumali, 2013. "The analysis on sun tracking and cooling systems for photovoltaic panels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 598-603.
    20. Murshed, Muntasir, 2019. "Trade Liberalization Policies and Renewable Energy Transition in Low and Middle-Income Countries? An Instrumental Variable Approach," MPRA Paper 97075, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:4:y:2012:i:6:p:1135-1153:d:18054. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.