By Tobias Wittmann
This e-book demonstrates how bounded rational selection types may be standardized and parameterized via socio-economic info. concentrating on deepest strength expertise funding judgements, the writer indicates how diverse consultant brokers could be built utilizing seek principles, research instruments and choice ideas. Diffusion curves for power applied sciences reminiscent of sunlight creditors, boilers and potency enhancements for structures are calculated. additional, the version is prolonged to review the effect of businesses’ festival on know-how diffusion. The modeling strategy awarded during this ebook might function a template for functions in different domain.
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Additional resources for Agent-Based Models of Energy Investment Decisions
In contrast to the planner-orientated structural optimization approaches which usually rely on a single actor’s rational choice problem with prescribed energy demand scenarios, the decision making process and the interactions between energy providers and consumers are modeled explicitly. This allows for the exploration of the impact of the socioeconomic structure of an urban area on technology diffusion, market size, competition and environmental performance. Further, the expected changes in urban energy systems can be investigated using a high spatial resolution.
Structural decisions of commercial actors are divided into two classes: low-stake and high-stake. Low-stake decisions are modeled using heuristics based on real-world observations and a rational choice approach. High-stake decisions will be addressed either by treating each decision option as a new scenario or by including human subjects in the run-time decision loop. Key resources can be clustered and attributed to different business units of a firm. g. debt, equity, venture capital, rate of return) to the business unit perceived to be essential for developing a sustained competitive advantage.
Actors in a distribution system are heterogeneous and may include consumers, traders, utilities and independent producers. Actors operate their control domain and invest in technology and infrastructure in different ways based on their preferences, knowledge, resources and habits. 19 As a result, they do not regularly optimize their portfolio and evaluate energy investments options. In contrast, local utilities or independent producers sell energy as their core business, develop long-term strategies, regularly evaluate investment options, and try to minimize the costs of supplying their customers.
Agent-Based Models of Energy Investment Decisions by Tobias Wittmann