The ACEGES 1.0 Documentation: Simulated Scenarios of Conventional Oil Production
Centre for International Business and Sustainability (London Metropolitan Business School), Working Paper No. 12
15 Pages Posted: 6 Aug 2010 Last revised: 14 Oct 2010
Date Written: August 5, 2010
The ACEGES (Agent-based Computational Economics of the Global Energy System) 1.0 model is an agent-based model of conventional oil production for 93 countries. The model accounts for four key uncertainties, namely Estimated Ultimate Recovery (EUR), estimated growth in oil demand, estimated growth in oil production and assumed peak/decline point. This documentation provides an overview of the ACEGES model capabilities and an example of how it can be used for long-term (discrete and continuous) scenarios of conventional oil production.
Keywords: oil production, ACEGES, agent-based model, energy scenarios, oil forecasting
JEL Classification: C1, C14, C63, Q41
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