Download Agent-Based Models of Energy Investment Decisions by Tobias Wittmann PDF

By Tobias Wittmann

This ebook demonstrates how bounded rational determination versions may be standardized and parameterized through socio-economic facts. targeting deepest strength expertise funding judgements, the writer indicates how varied consultant brokers should be built utilizing seek principles, research instruments and determination concepts. Diffusion curves for power applied sciences similar to sun creditors, boilers and potency enhancements for constructions are calculated. additional, the version is prolonged to check the effect of businesses’ pageant on expertise diffusion. The modeling method provided during this publication may well function a template for functions in different domain.

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Extra resources for Agent-Based Models of Energy Investment Decisions

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Wholesale market time-series can be generated by a national or transnational energy system model 22. Retail markets are expected to mediate the commercial interactions between agents in the agent layer. Energy which is exchanged between actors in the distribution system is traded over retail markets. Commercial agents mostly act as sellers; private agents mostly act as buyers. Different retail markets for electricity, oil, coal, gas, heat, wood pellets, etc. exist. Sellers post their contract offers on markets, buyers can choose among the available offers.

4 The Layer Concept 25 Assumption VIII – Private Actors: Private actors use heuristics to make operational decisions. Heuristics used for the private actor decision model cannot be altered in the scenario timeframe. The information which is needed to make optimal structural decisions is not necessarily provided by the environment to private actors. Further, private actors differ with respect to their abilities to explore the information provided. Therefore, bounded rational decision models are used to simulate private actor structural decision making processes.

This search rule finds all alternatives which satisfy preset aspiration levels regarding each goal. Aspiration levels can be set by the internal constraints or requirements of the decision makers themselves, by legislation, or by referring to common practice within society or the decision makers’ reference group. Therefore, a set of reference domains RD = {internal, legislation, society, peer_group} and a set of aspiration levels AL = {alg | g ȯ G} is introduced. Moreover this rule requires having access to an inventory which stores the values taken to be common practice by society at large or by reference groups.

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