A system dynamics based model for coal investment

Ying Fan; Rui Guang Yang; Yi Ming Wei

doi:10.1016/j.energy.2006.09.015

A system dynamics based model for coal investment

Ying Fan^*, Rui Guang Yang, Yi Ming Wei

^*Corresponding author for this work

CAS - Institutes of Science and Development

Research output: Contribution to journal › Article › peer-review

20 Citations (Scopus)

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.

Original language	English
Pages (from-to)	898-905
Number of pages	8
Journal	Energy
Volume	32
Issue number	6
DOIs	https://doi.org/10.1016/j.energy.2006.09.015
Publication status	Published - Jun 2007
Externally published	Yes

Keywords

Coal investment
Forecast
Simulation
System dynamics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.energy.2006.09.015

Cite this

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title = "A system dynamics based model for coal investment",

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.",

keywords = "Coal investment, Forecast, Simulation, System dynamics",

author = "Ying Fan and Yang, \{Rui Guang\} and Wei, \{Yi Ming\}",

year = "2007",

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doi = "10.1016/j.energy.2006.09.015",

language = "English",

volume = "32",

pages = "898--905",

journal = "Energy",

issn = "0360-5442",

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TY - JOUR

T1 - A system dynamics based model for coal investment

AU - Fan, Ying

AU - Yang, Rui Guang

AU - Wei, Yi Ming

PY - 2007/6

Y1 - 2007/6

N2 - 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.

AB - 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.

KW - Coal investment

KW - Forecast

KW - Simulation

KW - System dynamics

UR - https://www.scopus.com/pages/publications/33847131976

U2 - 10.1016/j.energy.2006.09.015

DO - 10.1016/j.energy.2006.09.015

M3 - Article

AN - SCOPUS:33847131976

SN - 0360-5442

VL - 32

SP - 898

EP - 905

JO - Energy

JF - Energy

IS - 6

ER -

A system dynamics based model for coal investment

Abstract

Keywords

UN SDGs

Access to Document

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