Search results
(1 - 1 of 1)
- Title
- Optimization methods and machine learning model for improved projection of energy market dynamics
- Creator
- Saafi, Mohamed Ali
- Date
- 2023
- Description
-
Since signing the legally binding Paris agreement, governments have been striving to fulfill the decarbonization mission. To reduce carbon...
Show moreSince signing the legally binding Paris agreement, governments have been striving to fulfill the decarbonization mission. To reduce carbon emissions from the transportation sector, countries around the world have created a well-defined new energy vehicle development strategy that is further expanding into hydrogen vehicle technologies. In this study, we develop the Transportation Energy Analysis Model (TEAM) to investigate the impact of the CO2 emissions policies on the future of the automotive industries. On the demand side, TEAM models the consumer choice considering the impacts of technology cost, energy cost, refueling/charging availability, consumer travel pattern. On the supply side, the module simulates the technology supply by the auto-industry with the objective of maximizing industry profit under the constraints of government policies. Therefore, we apply different optimization methods to guarantee reaching the optimal automotive industry response each year up to 2050. From developing an upgraded differential evolution algorithm, to applying response surface methodology to simply the objective function, the goal is to enhance the optimization performance and efficiency compared to adopting the standard genetic algorithm. Moreover, we investigate TEAM’s robustness by applying a sensitivity analysis to find the key parameters of the model. Finally based on the key sensitive parameters that drive the automotive industry, we develop a neural network to learn the market penetration model and predict the market shares in a competitive time by bypassing the total cost of ownership analysis and profit optimization. The central motivating hypothesis of this thesis is that modern optimization and modeling methods can be applied to obtain a computationally-efficient, industry-relevant model to predict optimal market sales shares for light-duty vehicle technologies. In fact, developing a robust market penetration model that is optimized using sophisticated methods is a crucial tool to automotive companies, as it quantifies consumer’s behavior and delivers the optimal way to maximize their profits by highlighting the vehicles technologies that they could invest in. In this work, we prove that TEAM reaches the global solution to optimize not only the industry profits but also the alternative fuels optimized blends such as synthetic fuels. The time complexity of the model has been substantially improved to decrease from hours using the genetic algorithm, to minutes using differential evolution, to milliseconds using neural network.
Show less