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Economics and Management in Extractive and Energy Industry

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (31 July 2023) | Viewed by 14652

Special Issue Editor


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Guest Editor
Faculty of Organization and Management, Department of Economics and Computer Sciences, Silesian University of Technology, 41-800 Zabrze, Poland
Interests: industrial and municipal economics and management; smart cities; risk management
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The extractive and energy industry has been undergoing a profound transformation in recent years, in which technological, economic, and social priorities are clashing. In addition, in different regions of the world, extractive industries are at different stages of the lifecycle, and nonrenewable resources are systematically depleted. Such difficult circumstances and challenges require the effective management and optimization of expenditures and costs. Therefore, this Special Edition focuses on economics and management in the mining and energy industries and covers the following topics:

  • Business management tools and methods;
  • Human Resources management;
  • Business models;
  • Sustainable development and corporate social responsibility;
  • Innovation, including eco-innovation;
  • Cost optimization;
  • Investment profitability assessment;
  • Financing and capital structure;
  • Value and risk management;
  • Restructuring;
  • And others related to management and economics in the extractive and energy industry.

Prof. Dr. Izabela Jonek-Kowalska
Guest Editor

 

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • economics in ectractive and energy industry
  • management in extractive and energy industry
  • efficiency
  • costs
  • value and risk management
  • CSR
  • sustainable developement

Published Papers (6 papers)

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Research

21 pages, 699 KiB  
Article
Circular Economy Models in Industry: Developing a Conceptual Framework
by Oksana Marinina, Natalia Kirsanova and Marina Nevskaya
Energies 2022, 15(24), 9376; https://0-doi-org.brum.beds.ac.uk/10.3390/en15249376 - 11 Dec 2022
Cited by 25 | Viewed by 2529
Abstract
One of the trends in sustainable economic development is the transition to circular business models, which aim to optimize goods and material flows by taking into account their cyclical nature at all production stages. Adapting circular business models to mining and mineral processing [...] Read more.
One of the trends in sustainable economic development is the transition to circular business models, which aim to optimize goods and material flows by taking into account their cyclical nature at all production stages. Adapting circular business models to mining and mineral processing operations can serve as an impetus for mining companies to upgrade and move to a new level of technological sophistication. This article attempts to develop a conceptual framework for circular business models factoring in the nature of production chains in coal mining, power generation, and metal production to reduce production costs, expand the product range, improve sustainable development indicators, and deliver growth in company value. This article is based on desk studies that were aimed at analyzing the efficiency of circular models, organizing data on experience in rational resource use in the mining industry, and transforming basic circular models into adapted ones for the environment in which coal companies operate. This study developed a conceptual framework of options for the implementation and evaluation of circular business models using an interdisciplinary approach and taking into account the specific features of coal companies and the principle of a resource being valuable throughout its whole life cycle. The proposed conceptual framework of circular business models can be used by Russian coal companies to design corporate strategies and long-term development plans. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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23 pages, 4268 KiB  
Article
Analysis of Business Customers’ Energy Consumption Data Registered by Trading Companies in Poland
by Agnieszka Kowalska-Styczeń, Tomasz Owczarek, Janusz Siwy, Adam Sojda and Maciej Wolny
Energies 2022, 15(14), 5129; https://0-doi-org.brum.beds.ac.uk/10.3390/en15145129 - 14 Jul 2022
Cited by 2 | Viewed by 1513
Abstract
In this article, we analyze the energy consumption data of business customers registered by trading companies in Poland. We focus on estimating missing data in hourly series, as forecasts of this frequency are needed to determine the volume of electricity orders on the [...] Read more.
In this article, we analyze the energy consumption data of business customers registered by trading companies in Poland. We focus on estimating missing data in hourly series, as forecasts of this frequency are needed to determine the volume of electricity orders on the power exchange or the contract market. Our goal is to identify an appropriate method of imputation missing data for this type of data. Trading companies expect a specific solution, so we use a procedure that allows to choose the imputation method, which will consequently improve the accuracy of forecasting energy consumption. Using this procedure, a statistical analysis of the occurrence of missing values is performed. Then, three techniques for generating missing data are selected (missing data are generated in randomly selected series without missing values). The selected imputation methods are tested and the best method is chosen based on MAE and MAPE errors. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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21 pages, 4581 KiB  
Article
The Economic Situation of Polish Cities in Post-Mining Regions. Long-Term Analysis on the Example of the Upper Silesian Coal Basin
by Izabela Jonek-Kowalska and Marian Turek
Energies 2022, 15(9), 3302; https://0-doi-org.brum.beds.ac.uk/10.3390/en15093302 - 30 Apr 2022
Cited by 4 | Viewed by 1642
Abstract
The purpose of this article is to identify the long-term economic consequences of mine decommissioning for five selected cities located in Poland in the Upper Silesian Coal Basin. It is carried out over a period of 18 years and covers the period 2003–2020. [...] Read more.
The purpose of this article is to identify the long-term economic consequences of mine decommissioning for five selected cities located in Poland in the Upper Silesian Coal Basin. It is carried out over a period of 18 years and covers the period 2003–2020. The economic effects of decommissioning are examined in the context of the budgets of cities where mining plants were closed. In the course of the analyses, the authors of the article attempt to answer the following research questions: (1) has the decommissioning of the mines influenced the current and strategic situation of the examined cities in terms of their budgets? (2) Have the examined cities felt the economic effects of mine decommissioning in a similar way? The assessment of the economic effects of mine decommissioning was carried out from the following two perspectives: (1) operational, relating to the balance of local budgets, and (2) strategic, taking into account the level of long-term liabilities of the examined cities. As part of the research methodology, budget analysis, descriptive statistics, dynamics and trends analysis, correlation and comparative analysis were used. The research carried out in the article shows that the decommissioning of hard coal mines in the examined cities of the Upper Silesian Coal Basin had a negative impact on the balance of local budgets and the level of long-term debt. This was especially true in the cities where all the mines had been decommissioned and which had no way of replacing the mining industry with other economic alternatives. The cities with more diversified economic activity and sources of income were in a better economic condition. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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23 pages, 7794 KiB  
Article
Development of Photovoltaic Energy in EU Countries as an Alternative to Fossil Fuels
by Radosław Wolniak and Bożena Skotnicka-Zasadzień
Energies 2022, 15(2), 662; https://0-doi-org.brum.beds.ac.uk/10.3390/en15020662 - 17 Jan 2022
Cited by 30 | Viewed by 3557
Abstract
The aim of the article is to present the development of photovoltaic energy in the EU countries as one of the alternatives to fossil fuels. The article was prepared on the basis of secondary information and statistical data on the photovoltaic energy market [...] Read more.
The aim of the article is to present the development of photovoltaic energy in the EU countries as one of the alternatives to fossil fuels. The article was prepared on the basis of secondary information and statistical data on the photovoltaic energy market in EU countries, and three hypotheses were formulated: H1—There is a statistically significant correlation between a country’s long-term orientation and its use of photovoltaic energy in European Union countries; H2—There is a statistically significant correlation between GDP per capita and photovoltaic energy use in European Union countries; and H3—There is a relationship between climate and photovoltaic energy use in European Union countries. Correlation coefficients and the Guilford classification were used to analyse the data. Data analysis has shown that photovoltaic energy is the second fastest-growing energy source in the EU, after wind energy. In 2020, 134 TWh of solar energy was produced in the EU countries. Based on the analysis, it can be concluded that there is a statistically significant correlation between the production of photovoltaic energy per person and the level of GDP per capita in the EU countries (Hypothesis 2). Germany and the Netherlands produce the most solar energy. The studies did not confirm Hypothesis 3; however, it can be seen that countries such as Germany, Belgium and the Netherlands have the highest PV energy efficiency compared to average temperature values. A data analysis showed statistically significant correlations between the country’s long-term orientation in the use of photovoltaic energy (Hypothesis 1). In the case of Germany and Belgium, the long-term orientation indicator is very high above 80, while Portugal, Poland and Finland have the lowest indicator, from 30 to 40. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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12 pages, 1713 KiB  
Article
Impact of Sustainable Development and Environmental Protection on the Volume of Domestic Hard Coal Sales in Poland
by Aurelia Rybak and Ewelina Włodarczyk
Energies 2022, 15(2), 443; https://0-doi-org.brum.beds.ac.uk/10.3390/en15020443 - 09 Jan 2022
Cited by 5 | Viewed by 1420
Abstract
The paper presents the results of an analysis of the impact of activities related to the implementation of Poland’s climate policy on the level of demand for hard coal. The authors used sets of indicators built by Eurostat during the analysis. The analysis [...] Read more.
The paper presents the results of an analysis of the impact of activities related to the implementation of Poland’s climate policy on the level of demand for hard coal. The authors used sets of indicators built by Eurostat during the analysis. The analysis was based on a set of indicators that had not previously been used for this purpose. The applied ARAMAX model made it possible to study the impact of the presented indicators on the volume of demand for hard coal in Poland. They were introduced to the ARMAX model as explanatory variables. The demand for hard coal in Poland was the dependent variable. The set of indicators was verified, and finally only statistically significant factors were used to build the model. The forecast of the demand for hard coal was made until 2022. It showed that the volume of coal sales would systematically fall as long as factors affecting demand remain constant. However, an additional factor was taken into account in the analysis, namely the increase in demand and prices for hard coal on world markets. The ARIMA model was used to forecast price levels for the next 12 months. The forecast indicates that the time series of prices should maintain an upward trend within the examined time period. Building an accurate and reliable forecast is the basis for effective planning of coal production and is adjusted to the demand for this fuel. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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25 pages, 4778 KiB  
Article
Monitoring and Control in Program Management as Effectiveness Drivers in Polish Energy Sector. Diagnosis and Directions of Improvement
by Mateusz Trzeciak and Izabela Jonek-Kowalska
Energies 2021, 14(15), 4661; https://0-doi-org.brum.beds.ac.uk/10.3390/en14154661 - 31 Jul 2021
Cited by 15 | Viewed by 2674
Abstract
The activity of enterprises in the energy sector is complicated by the complexity and capital intensity of the resources and processes used. In the current market conditions, an additional challenge is the implementation of sustainable development, including, in particular, environmental and social goals. [...] Read more.
The activity of enterprises in the energy sector is complicated by the complexity and capital intensity of the resources and processes used. In the current market conditions, an additional challenge is the implementation of sustainable development, including, in particular, environmental and social goals. These circumstances require efficient and effective management, and this is possible, inter alia, thanks to the use of the project management. However, this approach requires not only implementation, but also professional monitoring and control, which is considered and diagnosed in this article. The purpose of this article is to: (a) verify the programme management areas subject to the monitoring and control process; (b) identify and evaluate the effectiveness of the most frequently used methods in the process of monitoring and control of the programme implementation. A qualitative study using a structured interview was conducted among 21 experts involved in the implementation of programmes from the energy sector. The authors found that energy companies monitor and control programmes in key, but traditional areas such as lead times, costs, risks and benefits. They less often refer to ‘soft’ areas of management, such as: work, communication or quality. In terms of the monitoring and control methodology used, significant discrepancies were found between the methods considered effective and those that are most often used in practice. This requires decisive improvement actions. At the same time, it is worth emphasising that the majority of managers prefer compact and quantifiable forms of monitoring and control, such as: earned value method, Gantt chart and comparing plans to results in individual areas. The sector also lacks a systemic approach to programme management, which should be distinguished from single project management, which is why the authors presented their own approach to solving this problem. Full article
(This article belongs to the Special Issue Economics and Management in Extractive and Energy Industry)
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