This paper expands on a previously-presented methodology that merges the physical properties of energy with microeconomic principles: The physical side of the model informs how much electricity is used to satisfy services that people desire, while the microeconomic side imposes a utility function to represent household satisfaction. This paper adds energy efficiency investment to the price-based behavioral demand response and presents results representative of the long-run steady-state. It examines several electricity pricing schemes and energy efficiency options, with the costs and benefits of each option explicitly modeled in the physical representation.
Costs of Switching Fuels and Manufacturing Processes for Construction Materials Companies in Saudi Arabia
This paper expands on a previously-presented methodology that merges the physical properties of energy with…
6th May 2025
Does integrating oil refining with petrochemicals provide long-term benefits for Saudi Arabia?
This paper expands on a previously-presented methodology that merges the physical properties of energy with…
25th March 2025