ElecSim: Monte-Carlo Open-Source Agent-Based Model to Inform Policy for Long-Term Electricity Planning

Due to the threat of climate change, a transition from a fossil-fuel based system to one based on zero-carbon is required. However, this is not as simple as instantaneously closing down all fossil fuel energy generation and replacing them with renewable sources -- careful decisions need to be taken to ensure rapid but stable progress. To aid decision makers, we present a new tool, ElecSim, which is an open-sourced agent-based modelling framework used to examine the effect of policy on long-term investment decisions in electricity generation. ElecSim allows non-experts to rapidly prototype new ideas. Different techniques to model long-term electricity decisions are reviewed and used to motivate why agent-based models will become an important strategic tool for policy. We motivate why an open-source toolkit is required for long-term electricity planning. Actual electricity prices are compared with our model and we demonstrate that the use of a Monte-Carlo simulation in the system improves performance by $52.5\%$. Further, using ElecSim we demonstrate the effect of a carbon tax to encourage a low-carbon electricity supply. We show how a {\pounds}40 ($\$50$) per tonne of CO2 emitted would lead to 70% renewable electricity by 2050.Comment: e-Energy '19 Proceedings of the Tenth ACM International Conference on Future Energy System

A History of Discrete Event Simulation Programming Languages

The history of simulation programming languages is organized as a progression in periods of similar developments. The five periods, spanning 1955-1986, are labeled: The Period of Search (1955-1960); The Advent (1961-1965); The Formative Period (1966-1970); The Expansional Period (1971-1978); and The Period of Consolidation and Regeneration (1979-1986). The focus is on recognizing the people and places that have made important contributions in addition to the nature of the contribution. A balance between comprehensive and in-depth treatment has been reached by providing more detailed description of those languages which have or have had major use. Over 30 languages are mentioned, and numerous variations are described in the major contributors. A concluding summary notes the concepts and techniques either originating with simulation programming languages or given significant visibility by them

Simulation modeling and analysis

New Yorkxxii, 759 p.; 23 c

Simulation modeling and analysis, 2nd. ed/ Law

xxii, 759 hal. : ill. ; 25 cm

Simulation modeling and analysis, 2nd. ed/ Law

xxii, 759 hal. : ill. ; 25 cm

Simulation modeling and analysis, 2nd. ed/ Law

xxii, 759 hal. : ill. ; 25 cm

Simulation Modeling and Analysis, -5/E

Simulation Modeling and Analysis provides a comprehensive, state-of-the-art, and technically correct treatment of all important aspects of a simulation study. The book strives to make this material understandable by the use of intuition and numerous figures, examples, and problems. It is equally well suited for use in university courses, simulation practice, and self-study. The book is widely regarded as the “bible” of simulation and now has more than 172,000 copies in print and has been cited more than 18,500 times. This textbook can serve as the primary text for a variety of courses. It is used in leading industrial and systems engineering departments at Georgia Tech, University of Michigan, University of California at Berkeley, Stanford University, Purdue University, Texas A&M University, Columbia University, University of Washington, and Naval Postgraduate School

Simulation modeling and analysis, 2nd. ed/ Law

xxii, 759 hal. : ill. ; 25 cm