By Tobias Wittmann
This ebook demonstrates how bounded rational choice types could be standardized and parameterized by means of socio-economic facts. targeting inner most power expertise funding judgements, the writer exhibits how diversified consultant brokers may be developed utilizing seek ideas, research instruments and determination concepts. Diffusion curves for power applied sciences comparable to sunlight creditors, boilers and potency improvements for structures are calculated. extra, the version is prolonged to review the impression of organizations’ pageant on expertise diffusion. The modeling method awarded during this publication may possibly function a template for purposes in different domain.
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Extra info for Agent-Based Models of Energy Investment Decisions
2000 This chapter focuses on investment decisions related to retrofitted energy efficiency measures and energy conversion technologies in the residential sector. These decisions are mostly undertaken by individual households, private building owners, and property management companies. Despite the institutional character of property management companies, this perspective is not particularly relevant to the chosen topic and therefore not applied nor discussed in the remainder of the chapter 23. 2 Neoclassical Perspective Classic engineering-economic studies rely on the neoclassical perspective.
Such software holds the technical data of all demands, conversion units, storage, and infrastructure in a control domain, and estimates future demand profiles and market prices, taking ambient conditions and consumer behaviors into account. Some structural decisions such as the investment in small plants like cogeneration units, boilers, and other distributed technologies, small infrastructure extensions, and plant decommissioning are regularly made by commercial actors. Those decisions require only limited investment and do not fundamentally alter the asset profile of the firm in question.
If a firm possesses more than one control domain which are either not interconnected or operated with different unit commitment protocols, the associated actors are grouped to form a legal entity, to allow common accounting. 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.
Agent-Based Models of Energy Investment Decisions by Tobias Wittmann