Investing in a changing world

The combination of ABM and Bayesian network tested in the Dutch heat pump market

Master thesis (2018)

Authors

W. Keemink Technology, Policy and Management

Contributors

I. Nikolic (mentor)
N. Khakzad Rostami (graduation committee member)
Faculty
Technology, Policy and Management, Technology, Policy and Management
Copyright: © 2018 Wessel Keemink
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Published Date

19-06-2018

Language

English

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Faculty

Technology, Policy and Management

Abstract

This thesis focuses on the combination of agent based modelling and Bayesian network. These techniques are used to see if this is a viable way of modelling green markets, like the heat pump market. These markets can change quickly. The combination of the techniques gives the investors in the model the ability to learn from new information during the model and change their strategy or decision upon this. The outcomes show that this is a promising combination and future research should be done to further explore the possibilities.