Combining Behavioral Approaches with Techno-Economic Energy Models: Dealing with the Coupling Non-Linearity Issue

Francesco Moresino, Emmanuel Fragniere

Research output: Contribution to journalArticle

Abstract

Consumer behaviour is often complex and even sometimes not economically rational. Wrongly, the first techno-economic energy planning models assumed the economic rationality hypothesis and, therefore, represented consumers’ behaviour incorrectly. Nevertheless, the current trend is to couple these models with behavioural approaches that were specially developed to describe the real consumer choices. A novel approach was recently proposed, where a classical energy model is coupled with a share of choice model. This new approach has however two weaknesses. First, the share of choice increases the computational complexity as it necessitates additional binary variables for the modelling. Second, for complex models, the inclusion of the share of choice can lead to non-linearity and hence to severe computational problems. In the present paper, we propose to improve this method by externalizing the share of choice. Doing so, the number of binary variable will be reduced and the linearity property will be kept even for complex models.
LanguageEnglish
Article number1787
Number of pages14
JournalEnergies
Volume11
Issue number7
DOIs
StatusPublished - 7 Jul 2018

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Behavioral Approach
Economic Model
Energy Model
Nonlinearity
Consumer Behaviour
Economics
Binary Variables
Consumer behavior
Choice Models
Rationality
Linearity
Model
Computational Complexity
Inclusion
Planning
Computational complexity
Energy
Modeling

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Combining Behavioral Approaches with Techno-Economic Energy Models : Dealing with the Coupling Non-Linearity Issue. / Moresino, Francesco; Fragniere, Emmanuel.

In: Energies, Vol. 11, No. 7, 1787, 07.07.2018.

Research output: Contribution to journalArticle

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