31,509 research outputs found

    Comparing decision support tools for cargo screening processes

    Get PDF
    When planning to change operations at ports there are two key stake holders with very different interests involved in the decision making processes. Port operators are attentive to their standards, a smooth service flow and economic viability while border agencies are concerned about national security. The time taken for security checks often interferes with the compliance to service standards that port operators would like to achieve. Decision support tools as for example Cost-Benefit Analysis or Multi Criteria Analysis are useful helpers to better understand the impact of changes to a system. They allow investigating future scenarios and helping to find solutions that are acceptable for all parties involved in port operations. In this paper we evaluate two different modelling methods, namely scenario analysis and discrete event simulation. These are useful for driving the decision support tools (i.e. they provide the inputs the decision support tools require). Our aims are, on the one hand, to guide the reader through the modelling processes and, on the other hand, to demonstrate what kind of decision support information one can obtain from the different modelling methods presented

    Renewable Electric Energy Integration: Quantifying the Value of Design of Markets for International Transmission Capacity

    Get PDF
    Integrating large quantities of supply-driven renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the current methodology for controlling congestion at international borders and compare its results, under varying penetrations of wind power, with a model that simulates an integrated European network that utilises nodal/localised marginal pricing. The nodal pricing simulations illustrate that congestion - and price - patterns vary considerably between wind scenarios and within countries, and that a nodal price regime could make fuller use of existing EU network capacity, introducing substantial operational cost savings and reducing marginal power prices in the majority of European countries.Power market design, renewable power integration, congestion management, transmission economics

    Gas models and three difficult objectives

    Get PDF
    Competition, security of supply and sustainability are at the core of EU energy policy. The Commission argues that making the European gas market more competitive (completing the internal gas market) will be instrumental in the pursuit of these objectives. We examine the question through the eyes of existing models of the European gas market. Can model tell us anything on this problem? Do they confirm or infirm the analysis of the Commission appearing in fundamental documents such the Green Paper, the Sector Inquiry or the new legislation package? We argue that results of existing models contradict a fundamental finding (paragraph 77) of the Sector Inquiry. We further elaborate on the basis of the economic assumption underlying the models, that changing the assumptions implicitly contained in paragraph 77 cast doubts on a large part of the reasoning justifying the completion of the internal gas market. We also explain that models could help arriving at a better definition of the relevant market, which is so important in the reasoning of the Commission. Last we also find model results that question the effectiveness of ownership unbundling. As to security of supply, we explain that models can also contribute to assess the value of additional infrastructure in the context of security of supply, but this potential seems largely untapped. Last we note that sustainability has not yet penetrated models of gas markets. We conclude by suggesting other area of immediate concern, possibly of higher technical difficulty, that modellers could address in future research.

    State-contingent modelling of the Murray Darling Basin: implications for the design of property rights

    Get PDF
    Questions relating to the allocation and management of risk have played a central role in the development of the National Water Initiative, particularly as it has applied to the Murray-Darling Basin. The central issues of efficiency and equity in allocations are best understood by considering water licenses as bundles of state-contingent claims. The interaction of property rights and uncertainty regarding water flows, production and output prices is modelled using a state-contingent representation of production under uncertainty. The role of technology and investment in the determination of efficient adaptation strategies to manage risks is explored using an illustrative example.
    • 

    corecore