The ACEGES model (Agent-based Computational Economics of the Global Energy System) is a

decision support tool Decision may refer to: Law and politics * Judgment (law), as the outcome of a legal case *Landmark decision, the outcome of a case that sets a legal precedent * ''Per curiam'' decision, by a court with multiple judges Books * ''Decision'' (nove ...

for

energy policy Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to cont ...

by means of controlled computational experiments. The ACEGES tool is designed to be the foundation for large custom-purpose simulations of the global energy system. The ACEGES methodological framework, developed by Voudouris (2011) by extending Voudouris (2010), is based on the

agent-based computational economics Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in the paradigm of complex adaptive systems ...

(ACE) paradigm. ACE is the computational study of economies modeled as evolving systems of autonomous interacting agents.Tesfatsion, L and Judd, K. (2006), Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics, North Holland The ACEGES tool is written in

Java Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's mo ...

and runs on

Windows Windows is a group of several proprietary graphical operating system families developed and marketed by Microsoft. Each family caters to a certain sector of the computing industry. For example, Windows NT for consumers, Windows Server for ...

Mac OS Two major famlies of Mac operating systems were developed by Apple Inc. In 1984, Apple debuted the operating system that is now known as the "Classic" Mac OS with its release of the original Macintosh System Software. The system, rebranded " ...

and

Linux Linux ( or ) is a family of open-source Unix-like operating systems based on the Linux kernel, an operating system kernel first released on September 17, 1991, by Linus Torvalds. Linux is typically packaged as a Linux distribution, which i ...

platforms. The ACEGES tool is based on: * Th
MASON
librarya discrete-event multiagent simulation library * The R Project for statistical computing * Th
GAMLSS framework
It is important to clarify that although the ACEGES model builds on the available scholarly and policy literature, it does not strictly follow any existing approach.

History

The ACEGES project was conceived by Vlasios Voudouris (with contributions by Michael Jefferson). Voudouris is now head of Data Science at

Argus Media Argus (formerly known as Petroleum Argus Ltd) is an independent provider of price information, consultancy services, conferences, market data and business intelligence for the global petroleum, natural gas, electricity, emissions, biofuels, b ...

. The first version of the ACEGES decision-support tool was written in 2010. The ACEGES models energy demand and supply of 218 countries. The ACEGES tool was the main output of th
ACEGES Project
The overall aim of the ACEGES project was to develop, test and disseminate an agent-based computational laboratory for the systematic experimental study of the global energy system through the mechanism of Energy Scenarios. In particular, the intention was to show how the ACEGES framework and prototype can be used to help leaders in government, business and civil society better understand the challenging outlook for energy through controlled computational experiments.

Demonstrations

The ACEGES tool has been used, for example, to test the

peak oil Peak oil is the hypothetical point in time when the maximum rate of global oil production is reached, after which it is argued that production will begin an irreversible decline. It is related to the distinct concept of oil depletion; whil ...

theory and to develop plausible

scenarios In the performing arts, a scenario (, ; ; ) is a synoptical collage of an event or series of actions and events. In the ''commedia dell'arte'', it was an outline of entrances, exits, and action describing the plot of a play, and was literally p ...

conventional oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

production by means of demonstration at: * 4th International Conference on Computational and Financial Econometrics,

University of London The University of London (UoL; abbreviated as Lond or more rarely Londin in post-nominals) is a federal public research university located in London, England, United Kingdom. The university was established by royal charter in 1836 as a degre ...

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 mill ...

, 2010 * 16th International Conference on Computing in Economics and Finance
Society for Computational Economics
2010
Università Bocconi
2010
UCL Energy Institute
2011
Moscow State University
2011 * UK Energy Day: Sustainable Supply – An energy day within th
EU Sustainable Energy Europe Week
supported by the

Intelligent Energy Europe The Competitiveness and Innovation Framework Programme (CIP) of the European Commission is meant to improve the competitiveness of European companies facing the challenges of globalization. The programme is mainly aimed at small and medium-sized ent ...

, 2011 * Energy and Climate Change

select committee (Westminster system) A select committee is a committee made up of a small number of parliamentary members appointed to deal with particular areas or issues originating in the Westminster system of parliamentary democracy. Select committees exist in the British Parliam ...

UK Parliament The Parliament of the United Kingdom is the Parliamentary sovereignty in the United Kingdom, supreme Legislature, legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of We ...

- The UK’s Energy Supply: security or independence
Link
2011 Details about the ACEGES decision-support tool (including supporting documentation) are available fro
ABM Analytics

References

{{DEFAULTSORT:Aceges Computational economics Decision support systems Energy economics Energy models Simulation software