An energy security management model using quality function deployment and system dynamics

Juneseuk Shin, Wan-Seon Shin and Changyong Lee

Energy Policy, 2013, vol. 54, issue C, 72-86

Abstract: An energy security management model using quality function deployment (QFD) and system dynamics (SD) is suggested for application in public policymaking in developing economies. Through QFD, experts are guided toward identifying key energy security components, including indicators and policies, and in making these components consistent, focused, and customized for a particular country. Using these components as inputs, we construct an intermediate complex system dynamics model with a minimal number of crucial interactions. Key policies are simulated and evaluated in terms of the improvement of key indicators. Even with little data, our approach provides a coherent, useful, and customized energy security management model to help policymakers more effectively manage national energy security. To demonstrate its advantages, the model is applied to the Korean gas sector as an example.

Keywords: Energy security; QFD; System dynamics (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:54:y:2013:i:c:p:72-86

DOI: 10.1016/j.enpol.2012.10.074

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