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Tyssefaldene (A): Before the Impact of Deregulation

Subject

Management Science and Operations

Publication Year

1998

Abstract

This case study focuses on production decisions in a reservoir-based hydro-energy plant. While developed for a system dynamics course, similar learning points can be achieved in any modelling course by adapting the questions. The focus is on model conceptualisation and structuring, not detailed stock and flow modelling or equation writing. Key issues: A single all-encompassing model versus several smaller models - Faced with decisions at different levels, it may be better to build separate models for the different decision makers, even if these decisions are inter-related. Modelling in a changing environment - In a changing environment, the modeller should be aware that using past data to calibrate policy functions can be misleading and that there may be a significant lag between a change in the environment and the ensuing change in behaviour. Differing mental models - Different parties may have different views on 'optimality' and may all be right in their own way.

Topic List

Modelling, Changing Environment, Conflict, Problem Structuring

Industry

Hydro Energy

Publication Event Date

1991-1998

LBS Case Number

CS-99-016

Location

Norway

Project Funder

ESRC

Publication Research Centre

Centre for Corporate Governance, Institute of Finance and Accounting

Available on ECCH

No


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