Analysis of Latvian Integration Processes in EU Using System Dynamics Model

Skribans, Valerijs; Počs, Remigijs

doi:10.3846/bm.2012.065

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2016

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“…The designed system dynamics model is based on theoretical, mathematical and logical assumptions, as well as admissible simplifications of the actual situation (Hollmann & Voss, 2005;Skribans & Pocs, 2012).…”

Section: Key Concepts and Definitionsmentioning

confidence: 99%

Development of a System Dynamics Model for Evaluation of the Impact of Integration of Renewable Energy Sources on the Operational Efficiency of Energy Supply Facilities: Theoretical Background

Balodis

Skribans

Ivanova

2016

Economics and Business

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-Nowadays, energy companies operate in a highly competitive environment. To maintain the leader position, as a reaction to various changes energy companies must take appropriate steps in a timely manner.Correct assessment of the situation ensures implementation of adequate measures. The situation can be assessed correctly by using a complex approach and/or analysing it according to the specific circumstances. The complex approach also envisages designing of an appropriate model, which studies the impact of changes on the research object, while dealing with the object within a system and as part of the system.The article gives a theoretical background of the system dynamics model in order to evaluate the impact of integration of renewable energy sources (RES) on the operational efficiency of energy supply facilities (power and heat supply) on the national and regional levels, as well as provides the first modelling results.

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Section: Key Concepts and Definitionsmentioning

confidence: 99%