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Assessing supply security - A compound indicator

Abrell, Jan and Chavaz, Léo and Weigt, Hannes. (2019) Assessing supply security - A compound indicator. WWZ Working Papers, 2019 (10). Basel.

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Official URL: https://edoc.unibas.ch/71471/

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Abstract

Supply security is a prominent and crucial notion which nds application in various economic sectors (energy security, food security, supply chain risks). Yet, it remains particularly dicult to dene and measure. Currently used indicators of supply security focus on narrow approaches and oer limited guidance to policy makers. Considering this, we propose a novel indicator assessing the supply security of industries, conceptually or physically, based on a network structure. The indicator is based on a simulation methodology and evaluates the reaction of the market to disruptions of its network services, thereby capturing the various dimensions of supply security. Subsequently, we perform an exemplary application onto the European natural gas market, and evaluate the impact of currently debated network extensions projects and policy measures.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Energieökonomik (Weigt)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Weigt, Hannes and Abrell, Jan and Chavaz, Léo
Item Type:Working Paper
Publisher:WWZ
Number of Pages:26
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2019/10
Last Modified:16 Aug 2019 14:17
Deposited On:30 Jul 2019 07:42

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