A system dynamics based model for coal investment

Ying Fan, Rui-Guang Yang and Yi-Ming Wei

Energy, 2007, vol. 32, issue 6, 898-905

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; System dynamics; Simulation; Forecast (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:32:y:2007:i:6:p:898-905

DOI: 10.1016/j.energy.2006.09.015

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