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

Abstract

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

Suggested Citation

Voudouris, Vlasios and Di Maio, Carlo, The ACEGES 1.0 Documentation: Simulated Scenarios of Conventional Oil Production (August 5, 2010). Centre for International Business and Sustainability (London Metropolitan Business School), Working Paper No. 12. Available at SSRN: https://ssrn.com/abstract=1652361 or http://dx.doi.org/10.2139/ssrn.1652361

Vlasios Voudouris (Contact Author)

ABM Analytics Ltd ( email )

Suite 17 125
145-157 St John Street
London, EC1V 4PW
United Kingdom

HOME PAGE: http://www.abm-analytics.com/people.php

Carlo Di Maio

Bocconi University ( email )

Via Sarfatti, 25
Milan, MI 20136
Italy

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