Purchasing decisions on alternative fuel vehicles within the agent-based model

Arkadiusz Jędrzejewski, Katarzyna Sznajd-Weron, Jakub Pawłowski and Anna Kowalska-Pyzalska

No WORMS/22/01, WORking papers in Management Science (WORMS) from Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology

Abstract: We develop an empirically grounded agent-based model to explore the purchasing decisions of mutually interacting agents (consumers) between three types of alternative fuel vehicles. We calibrate the model with recently published empirical data on consumer preferences towards such vehicles. Furthermore, running the Monte Carlo simulations, we show possible scenarios for the development of the alternative fuel vehicle market depending on the marketing strategies employed.

Keywords: Agent-based model; Diffusion; Alternative fuel vehicles (search for similar items in EconPapers)
Pages: 7 pages
Date: 2022
New Economics Papers: this item is included in nep-cmp, nep-dcm, nep-ene, nep-his, nep-hme and nep-tre
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Published, International Conference on Computational Science, ICCS-2022, Lecture Notes in Computer Science, Springer.

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https://worms.pwr.edu.pl/RePEc/ahh/wpaper/WORMS_22_01.pdf Final version, 2021 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ahh:wpaper:worms2201

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