Coupling Agent-Based Models of Natural Gas and Electricity Markets

In this paper two agent-based models of energy markets are considered: one modelling the market for natural gas and the other of the electricity market incorporating a CO2 market. Because the energy systems are highly interrelated it is interesting to study how they were conceptualised and to explore possibilities to connect the two models,...

A comparison of two ontologies for agent-based modelling of energy systems

Conceptualisations formalised in ontologies are useful to provide an interface between people (e.g. between modellers and stakeholders), people and computers (e.g. data entry), and to ensure interoperability between software elements (e.g. communication between agents). As such, ontologies are useful for modelling purposes: with a formal...

Capturing socio-technical systems with agent-based modelling

What is a suitable modelling approach for socio-technical systems? The answer to this question is of great importance to decision makers in large scale interconnected network systems. The behaviour of these systems is determined by many actors, situated in a dynamic, multi-actor, multi-objective and multi-level jungle. Models to support such an...

Critical evaluation of paradigms for modelling integrated supply chains

Contemporary problems in process systems engineering often require model-based decision support tool. Among the various modelling paradigms, equation-based models and agent-based models are widely used to develop dynamic models of systems. Which is the most appropriate modelling paradigm for a supply chain? In this paper, we seek to address this...