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Using the decentralized and liberalized electricity market microworld (LEMM) As an educational tool

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Author
Paşaoğlu, Güzay
Type
Article
Date
2011-01
Language
en_US
Metadata
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Abstract
Decentralized and liberalized electricity market involves a great deal of interdisciplinary concepts, including economic, commercial, environmental and technological issues. Consequently, the system is complicated. Accordingly, nowadays introductory courses focusing on the electricity market dynamics have been added to the curriculum at many universities. However, as the electricity market dynamics are complicated, it is not straightforward for students to understand. A teaching tool to assist students to better understand strategic behaviors in the market is thus in high demand. Due to these reasons, Liberalized Electricity Market Microworld (LEMM), incorporating a system dynamics based simulation model, is developed. The LEMM's contribution to the students learning and understanding of the decentralized and liberalized electricity market dynamics have been explored by organizing game sessions with the LEMM for totally 49 students who participated in "Energy Policy and Planning" course in Bogazici University. The findings obtained from the exploratory study reveal that the students improved their understanding of the liberalized and decentralized electricity market through the game session with the LEMM. In this paper, the general characteristics of the LEMM and the underlying model are presented, the microworlds', particularly the LEMM's potential contribution to learning and teaching is discussed. (C) 2010 Elsevier Ltd. All rights reserved.
Subject
liberalized electricity market
Microworld
Simulation
Dynamic Decision-Making
Management Education
Simulations
Feedback
Games
Misperceptions
Behavior
Industry
Risk
Liberal Elektrik Piyasası
Mikro Dünya
Simülasyon
Dinamik Karar Verme
Yönetimi Eğitimi
Simülasyonlar
Geri Bildirim
Oyunlar
Yanlış Algılamalar
Davranış
Sanayi
URI
http://hdl.handle.net/11413/1464
Collections
  • Makaleler / Articles [209]
  • Scopus Publications [724]
  • WoS Publications [1016]

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İstanbul Kültür University

Hakkında |Politika | Kütüphane | İletişim | Send Feedback | Admin

Istanbul Kültür University, Ataköy Campus E5 Karayolu Üzeri Bakırköy 34158, İstanbul / TURKEY
Copyright © İstanbul Kültür University

Creative Commons Lisansı
IKU Institutional Repository, Creative Commons Alıntı-GayriTicari-Türetilemez 4.0 Uluslararası Lisansı ile lisanslanmıştır.

Designed by  UNIREPOS