Agent-based modeling of urban energy supply systems
Authored by Tobias Wittmann, Thomas Bruckner
Date Published: 2007
DOI: 10.1007/s11576-007-0079-5
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Abstract
The paper presents a novel agent-based modeling approach that is especially designed to investigate the future development of urban energy supply systems embedded in liberalized markets. Private energy investment decisions are modeled using representative agents exhibiting bounded rationality. A highly resolved energy system optimization model is combined with the agent model and applied to investigate the overall influence of the different investment decisions on the performance of the urban energy supply system. Within a proof of concept application, diffusion curves are derived that describe the time-dependent market penetration of competing energy saving and energy conversion technologies.
Tags
Agent-based model
Bounded rationality
Technology diffusion
energy supply systems
social millieus