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A dynamic optimal management on economic energy efficiency in developing countries

Tao, Kan; Wang, Dong

Description

This paper is based on the dynamic optimization methodology to investigate the economic energy efficiency issues in developing countries. The paper introduces some definitions about energy efficiency both in economics and physics, and establishes a quantitative way for measuring the economic energy efficiency. The linkage among economic energy efficiency, energy consumption and other macroeconomic variables is demonstrated primarily. Using the methodology of dynamic optimization, a maximum...[Show more]

dc.contributor.authorTao, Kan
dc.contributor.authorWang, Dong
dc.coverage.spatialPhiladelphia USA
dc.date.accessioned2015-12-13T22:18:07Z
dc.date.createdNovember 7-9 2013
dc.identifier.isbn9783642400803
dc.identifier.urihttp://hdl.handle.net/1885/71487
dc.description.abstractThis paper is based on the dynamic optimization methodology to investigate the economic energy efficiency issues in developing countries. The paper introduces some definitions about energy efficiency both in economics and physics, and establishes a quantitative way for measuring the economic energy efficiency. The linkage among economic energy efficiency, energy consumption and other macroeconomic variables is demonstrated primarily. Using the methodology of dynamic optimization, a maximum problem of economic energy efficiency over time, which is subjected to the extended Solow growth model and instantaneous investment rate, is modeled. In this model, the energy consumption is set as a control variable and the capital is regarded as a state variable. The analytic solutions can be derived and the diagrammatic analysis provides saddle-point equilibrium. A numerical simulation is also presented; meanwhile, the optimal paths of investment and energy consumption can be drawn. The dynamic optimization encourages governments in developing countries to pursue higher economic energy efficiency by controlling the energy consumption and regulating the investment state as it can conserve energy without influencing the achievement of steady state in terms of Solow model. If that, a sustainable development will be achieved.
dc.publisherConference Organising Committee
dc.relation.ispartofseries7th International Conference on Management Science and Engineering Management, ICMSEM 2013
dc.sourceLecture Notes in Electrical Engineering
dc.source.urihttp://www.worldcat.org/oclc/874117119
dc.titleA dynamic optimal management on economic energy efficiency in developing countries
dc.typeConference paper
local.description.notesImported from ARIES
local.description.refereedYes
dc.date.issued2014
local.identifier.absfor080000 - INFORMATION AND COMPUTING SCIENCES
local.identifier.ariespublicationU3488905xPUB2738
local.type.statusPublished Version
local.contributor.affiliationTao, Kan, College of Engineering and Computer Science, ANU
local.contributor.affiliationWang, Dong, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage1229
local.bibliographicCitation.lastpage1240
local.identifier.doi10.1007/978-3-642-40081-0_104
local.identifier.absseo970109 - Expanding Knowledge in Engineering
dc.date.updated2015-12-11T07:41:38Z
local.identifier.scopusID2-s2.0-84894200062
CollectionsANU Research Publications

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