Average Price= Share 1*Price 1+(1-Share 1)*Price 2 ~ $/GJ ~ | Base Demand= 1 ~ GJ/Year ~ | Cumulative Production 1= INTEG ( Production 1, 0) ~ GJ ~ | Cumulative Production 2= INTEG ( Production 2, 0) ~ GJ ~ | Demand Elasticity= -1 ~ dmnl ~ | Demand Growth Rate= 0.03 ~ 1/Year ~ | Distribution Cost= 1 ~ $/GJ ~ | Noise 1= EXP(RANDOM NORMAL(-6,6,0,0.05,seed)) ~ dmnl ~ | Noise 2= EXP(RANDOM NORMAL(-6,6,0,0.05,seed)) ~ dmnl ~ | Price 1= Reference Price/(1+LN(1+Cumulative Production 1/Reference Production)) ~ $/GJ ~ | Price 2= Reference Price/(1+LN(1+Cumulative Production 2/Reference Production)) ~ $/GJ ~ | Production 1= Total Demand*Share 1*Noise 1 ~ GJ/Year ~ | Production 2= Total Demand*(1-Share 1)*Noise 2 ~ GJ/Year ~ | Reference Demand= Base Demand*EXP(Demand Growth Rate*(Time-INITIAL TIME)) ~ GJ/Year ~ | Reference Price= 1 ~ $/GJ ~ | Reference Production= 5 ~ GJ ~ | seed= 1237 ~ dmnl ~ Seed for random number generator. | Share 1= 1/(1+(Price 1/Price 2)^Substitution Elasticity) ~ dmnl ~ | Substitution Elasticity= 6 ~ dmnl ~ | Total Demand= Reference Demand *((Average Price+Distribution Cost)/(Reference Price+Distribution Cost)) ^Demand Elasticity ~ GJ/Year ~ | ******************************************************** .Control ********************************************************~ Simulation Control Paramaters | FINAL TIME = 100 ~ Year ~ The final time for the simulation. | INITIAL TIME = 0 ~ Year ~ The initial time for the simulation. | SAVEPER = TIME STEP ~ Year ~ The frequency with which output is stored. | TIME STEP = 0.125 ~ Year ~ The time step for the simulation. | \\\---/// Sketch information - do not modify anything except names V300 Do not put anything below this section - it will be ignored *View 1 $0,0,Times New Roman|12||0-0-0|0-0-0|0-0-0|-1--1--1|-1--1--1 10,1,Cumulative Production 1,470,150,40,20,3,3,0,0,0,0,0,0 10,2,Cumulative Production 2,470,360,40,20,3,3,0,0,0,0,0,0 12,3,48,250,150,8,8,0,3,0,0,-1,0,0,0 1,4,6,1,4,0,0,22,0,0,0,-1--1--1,,1|(388,150)| 1,5,6,3,100,0,0,22,0,0,0,-1--1--1,,1|(296,150)| 11,6,48,340,150,6,8,34,3,0,0,1,0,0,0 10,7,Production 1,340,169,41,11,32,3,0,0,-1,0,0,0 12,8,48,244,361,8,8,0,3,0,0,-1,0,0,0 1,9,11,2,4,0,0,22,0,0,0,-1--1--1,,1|(388,361)| 1,10,11,8,100,0,0,22,0,0,0,-1--1--1,,1|(293,361)| 11,11,48,341,361,6,8,34,3,0,0,1,0,0,0 10,12,Production 2,341,380,41,11,32,3,0,0,-1,0,0,0 10,13,Noise 1,310,110,26,11,0,3,0,0,0,0,0,0 10,14,Total Demand,210,260,45,11,0,3,0,0,0,0,0,0 10,15,Demand Elasticity,90,200,56,11,0,3,0,0,0,0,0,0 10,16,Distribution Cost,60,260,53,11,0,3,0,0,0,0,0,0 10,17,Noise 2,360,440,26,11,0,3,0,0,0,0,0,0 10,18,Substitution Elasticity,390,260,66,11,0,3,0,0,0,0,0,0 10,19,Share 1,560,260,26,11,0,3,0,0,0,0,0,0 10,20,Price 2,590,330,24,11,0,3,0,0,0,0,0,0 10,21,Price 1,620,190,24,11,0,3,0,0,0,0,0,0 10,22,Reference Production,480,440,68,11,0,3,0,0,0,0,0,0 10,23,Reference Production,670,100,77,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 10,24,Average Price,690,260,45,11,0,3,0,0,0,0,0,0 1,25,1,21,1,0,0,0,0,64,0,-1--1--1,,1|(561,156)| 1,26,2,20,1,0,0,0,0,64,0,-1--1--1,,1|(542,357)| 1,27,20,24,0,0,0,0,0,64,0,-1--1--1,,1|(633,298)| 1,28,21,24,0,0,0,0,0,64,0,-1--1--1,,1|(650,220)| 1,29,19,24,0,0,0,0,0,64,0,-1--1--1,,1|(608,260)| 1,30,18,19,0,0,0,0,0,64,0,-1--1--1,,1|(488,260)| 1,31,20,19,1,0,0,0,0,64,0,-1--1--1,,1|(586,296)| 1,32,21,19,1,0,0,0,0,64,0,-1--1--1,,1|(605,221)| 1,33,19,11,1,0,0,0,0,64,0,-1--1--1,,1|(425,301)| 1,34,19,7,1,0,0,0,0,64,0,-1--1--1,,1|(446,228)| 1,35,14,7,1,0,0,0,0,64,0,-1--1--1,,1|(244,208)| 1,36,14,11,1,0,0,0,0,64,0,-1--1--1,,1|(261,314)| 1,37,17,12,0,0,0,0,0,64,0,-1--1--1,,1|(352,416)| 1,38,13,6,0,0,0,0,0,64,0,-1--1--1,,1|(322,127)| 1,39,22,20,0,0,0,0,0,64,0,-1--1--1,,1|(530,389)| 1,40,23,21,0,0,0,0,0,64,0,-1--1--1,,1|(648,138)| 1,41,24,14,1,0,0,0,0,64,0,-1--1--1,,1|(427,526)| 1,42,15,14,0,0,0,0,0,64,0,-1--1--1,,1|(143,226)| 1,43,16,14,0,0,0,0,0,64,0,-1--1--1,,1|(132,260)| 10,44,seed,220,90,16,11,0,3,0,0,-1,0,0,0 1,45,44,13,0,0,0,0,0,0,0,-1--1--1,,1|(253,96)| 10,46,seed,399,480,25,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 1,47,46,17,0,0,0,0,0,64,0,-1--1--1,,1|(384,464)| 10,48,Reference Demand,80,360,60,11,0,3,0,0,-1,0,0,0 1,49,48,14,0,0,0,0,0,0,0,-1--1--1,,1|(138,314)| 10,50,Reference Price,70,310,50,11,0,3,0,0,-1,0,0,0 1,51,50,14,0,0,0,0,0,0,0,-1--1--1,,1|(132,287)| 10,52,Demand Growth Rate,130,440,69,11,0,3,0,0,-1,0,0,0 1,53,52,48,0,0,0,0,0,0,0,-1--1--1,,1|(108,405)| 10,54,Time,10,420,26,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 1,55,54,48,0,0,0,0,0,0,0,-1--1--1,,1|(39,394)| 10,56,INITIAL TIME,20,480,60,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 1,57,56,48,0,0,0,0,0,0,0,-1--1--1,,1|(46,426)| 10,58,Reference Price,739,160,59,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 10,59,Reference Price,580,420,59,11,0,2,0,3,-1,0,0,0,128-128-128,0-0-0,|12||128-128-128 1,60,59,20,0,0,0,0,0,64,0,-1--1--1,,1|(583,381)| 1,61,58,21,0,0,0,0,0,64,0,-1--1--1,,1|(676,175)| 10,62,Base Demand,180,410,45,11,0,3,0,0,-1,0,0,0 1,63,62,48,0,0,0,0,0,0,0,-1--1--1,,1|(136,388)| 12,64,0,343,26,300,20,8,4,0,2,-1,0,0,0,0-0-0,0-0-0,|12||0-0-255 Moxnes, Erling (1992). Positive Feedback Economics and the Competition Between 'Hard' and 'Soft' Energy Supplies. Journal of Scientific and Industrial Research, 51(March), 257-265. 12,65,0,340,60,168,11,0,4,0,2,-1,0,0,0,0-0-0,0-0-0,|12||0-0-255 Replicated by Tom Fiddaman, Ventana Systems, 1998 ///---\\\ :L<%^E!@ 1:Current2.vdf 1:Current.vdf 9:Current2 22:$,Dollar,Dollars,$s 22:Day,Days 22:Hour,Hours 22:Month,Months 22:Person,People,Persons 22:Unit,Units 22:Week,Weeks 22:Year,Years 15:0,0,0,0 19:100,0 4:Time 5:Share 1