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Growing Science » Decision Science Letters » Understanding the dynamics of the adoption of renewable energy technologies: A system dynamics approach

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Decision Science Letters

ISSN 1929-5812 (Online) - ISSN 1929-5804 (Print)
Quarterly Publication
Volume 2 Issue 2 pp. 109-118 , 2013

Understanding the dynamics of the adoption of renewable energy technologies: A system dynamics approach Pages 109-118 Right click to download the paper Download PDF

Authors: Michael Mutingi

DOI: 10.5267/j.dsl.2013.01.002

Keywords: Renewable energy technology, System dynamics, Technology adoption, Technology management

Abstract: Renewable energy technologies (RET) have faced a number of constraints that have affected their rate of adoption. This can be attributed to the presence of complex dynamic factors associated with the technology adoption process. This paper simulates the dynamic behaviour of the RET adoption process, from a systems dynamics point of view. Complex dynamic interactions between technology adopters, policy makers and policies are captured based on systems thinking concepts. Based on a set of input policy parameters and variables, the behaviour of RET adoption is investigated and analyzed. Sensitivity experiments and further “what-if” experiments are carried out to obtain in-depth understanding of RET adoption process. Useful managerial insights are drawn from the simulation results, relevant to decision makers concerned with renewable energy technology innovations and their adoption.

How to cite this paper
Mutingi, M. (2013). Understanding the dynamics of the adoption of renewable energy technologies: A system dynamics approach.Decision Science Letters , 2(2), 109-118.

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Journal: Decision Science Letters | Year: 2013 | Volume: 2 | Issue: 2 | Views: 3362 | Reviews: 0

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