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

Author

Listed:
  • Arkadiusz Jędrzejewski
  • Katarzyna Sznajd-Weron
  • Jakub Pawłowski
  • Anna Kowalska-Pyzalska

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.

Suggested Citation

  • Arkadiusz Jędrzejewski & Katarzyna Sznajd-Weron & Jakub Pawłowski & Anna Kowalska-Pyzalska, 2022. "Purchasing decisions on alternative fuel vehicles within the agent-based model," WORking papers in Management Science (WORMS) WORMS/22/01, Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology.
    • Handle: RePEc:ahh:wpaper:worms2201
    as

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    File URL: https://worms.pwr.edu.pl/RePEc/ahh/wpaper/WORMS_22_01.pdf
    File Function: Final version, 2021
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    References listed on IDEAS

    as
    1. Dong-Shang Chang & Sheng-Hung Chen & Chia-Wei Hsu & Allen H. Hu & Gwo-Hshiung Tzeng, 2015. "Evaluation Framework for Alternative Fuel Vehicles: Sustainable Development Perspective," Sustainability, MDPI, vol. 7(9), pages 1-25, August.
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    More about this item

    Keywords

    Agent-based model; Diffusion; Alternative fuel vehicles;
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