A data-driven viable supply network for energy security and economic prosperity

Developing countries face significant challenges in achieving energy stability due to disruptions in their energy supply chains, which jeopardise their sustainability and survivability. Addressing these issues requires careful consideration of public funding in the energy sector and the design of a...

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Bibliographic Details
Published in:International journal of production research 2024-12, Vol.62 (24), p.8988-9010
Main Authors: Mun, Kwon Gi, Cai, Wenbo, Rodgers, Mark, Choi, Sungyong
Format: Article
Language:English
Subjects:
Decision making
Developing countries
Disruption
Economic development
Economic impact
Effectiveness
energy economics
Energy industry
Energy infrastructure security
Energy sources
Extraction processes
fossil fuel
Infrastructure
Investment policy
Investment strategy
LDCs
Power supply
renewable
supply chain disruptions
Supply chains
Survivability
Sustainability
Transportation
Viable energy
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Summary:Developing countries face significant challenges in achieving energy stability due to disruptions in their energy supply chains, which jeopardise their sustainability and survivability. Addressing these issues requires careful consideration of public funding in the energy sector and the design of a robust electricity infrastructure. This study aims to identify long-term infrastructure investment strategies that can strengthen the viability of the energy supply network in developing countries, even with limited public funds. The research is underpinned by an empirical study that shows the successful development of energy infrastructure through the effective implementation of viable energy strategies in developing countries. By adopting these strategies, energy supply networks in developing countries can mitigate supply disruptions and avert economic losses. Further, this study evaluates the effectiveness of the viable energy supply network by incorporating a mix of energy resources based on actual data from Pakistan. The contributions of the study are as follows. We develop a viable energy supply network model that considers crucial elements, such as extraction, transportation, generation, transmission, and supply and facilities decision-making. Additionally, we show that the performance of the energy network is not only driven by electricity supply but also influenced by the overall economic growth of the country.
ISSN:0020-7543
1366-588X
DOI:10.1080/00207543.2023.2254414