By Tobias Wittmann
This booklet demonstrates how bounded rational selection types may be standardized and parameterized by means of socio-economic information. concentrating on deepest strength know-how funding judgements, the writer indicates how varied consultant brokers might be developed utilizing seek ideas, research instruments and selection concepts. Diffusion curves for strength applied sciences comparable to sunlight creditors, boilers and potency improvements for structures are calculated. extra, the version is prolonged to check the effect of agencies’ festival on expertise diffusion. The modeling method offered during this booklet may possibly function a template for purposes in different domain.
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Extra resources for Agent-Based Models of Energy Investment Decisions
The alternative with the best value on the most important goal is selected. If two or more alternatives are equal, the second most important goal is considered. 4 Modeling Private Energy Investment Decisions 41 lected. g. ). The LEX strategy can be relaxed by including the concept of a just-noticeable difference (JND). If several alternatives are within the JND of the best alternative of any goal under investigation, they are considered equal. The introduction of a JND allows for some compensation between goals.
In this work, the dynamic energy, emission and cost optimization model deeco17 (Bruckner et. al. 2003) is used to operate control domains. 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.
Finally, Bettman et al. (1998) developed an integrated framework for bounded rational consumer choices. This chapter introduces a bounded rational decision model of energy technology and efficiency diffusion, which ideally would be parameterized using socio-demographic surveys. The bounded rationality approach recognizes that the information needed to take optimal investment decisions is not necessarily provided by the environment to building owners. Further, building owners might differ in their abilities to explore the information provided.