Recent Energy Models: A Review of Methodologies

David J. Edelman

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DOI: 10.2190/3J5N-U7TN-LN61-E2E6

Abstract

In the wake of the oil crisis of late 1973, policy makers have become greatly concerned with energy issues, and have increasingly turned to analytical researchers to help them grapple with these complex problems. However, the modeling of socio-economic systems is far from perfected, and policy makers need to be aware of the limitations of the techniques used by their analysts. Consequently, this paper reviews the commonly used methodologies of optimization (linear programming), econometric methods, input-output analysis and system dynamics simulation with frequent reference to their applications to energy policy. A table of important recent work in energy modeling is included at the end of the paper.

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