Agent-Based Models of Energy Investment Decisions by Tobias Wittmann

By Tobias Wittmann

This publication demonstrates how bounded rational selection types may be standardized and parameterized via socio-economic information. targeting deepest strength know-how funding judgements, the writer exhibits how diversified consultant brokers should be built utilizing seek principles, research instruments and determination innovations. Diffusion curves for strength applied sciences comparable to sun creditors, boilers and potency enhancements for constructions are calculated. extra, the version is prolonged to check the impression of agencies’ festival on expertise diffusion. The modeling process provided during this booklet may possibly function a template for functions in different domain.

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Example text

The model accounts for a range of decision characteristics as indicated in section two. Modelers will have to specify different types of agents who exhibit different distinct behavior patterns as well as an explicit set of technology and energy efficiency options which are potentially available to them. The model cannot be used to predict the outcome of a single decision, but it can be used to estimate the outcome of representative decisions of individuals who belong to the same group. The following sections introduce the goals, decision rules, and analysis tools which are used within the model.

Energy demand profiles are specified by time-series which can be obtained by applying heuristics, simulation models or real-world historical measurements. With deeco, the cost minimal share of each component of a control domain which meets energy demands is determined by a linear optimization solver. The resolution of deeco is flexible and can range down to 15 minutes. Deeco supports a large number of technologies such as boilers, heat pumps, cogeneration plants, solar thermal collectors, storages, photovoltaic and wind generators, heating grids, and steam and gas turbines.

To apply this rule, the notion of common needs some further investigation. Firstly, common alternatives can be those alternatives which have been widely selected by society, by the subset of the society the decision makers refer to, or by the decision makers themselves. Secondly, common alternatives can be those alternatives which are topical, that is mostly offered, sold, or advertised recently. On this account, a set of search domains SD = {peer_group, 24 find_by_aspects is related to Tversky’s (1972) decision strategy elimination by aspects.

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