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The Energy Management Centre periodically publishes working papers involving research by the members of the Laboratory and joint projects with external researchers.
The Working Paper Series provides researchers with the opportunity to make the results of new and continuing work available in a timely fashion. Many of the working papers are draft stages of articles that will eventually be published in international scientific journals.
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
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