Economic-ecological model maximizing the profit of the industrial company including emission trading

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090188" target="_blank" >RIV/61989100:27510/14:86090188 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic-ecological model maximizing the profit of the industrial company including emission trading
Original language description
The aim of the paper is to design the model for the industrial company's profit optimization. The decision-making on the amount and structure of production is influenced by many constraints. The emphasis is put on the environmental factors including especially EU ETS system with emission trading and fees for released pollutants. These factors influence both - cost (fees that must be paid and emission permits which must be bought for covering released emissions) and revenue (from selling unused permits). Model counts with the possibility of company's choice which stock market enabling emission trading will be used for trades. The designed model is constructed as a model of linear programming and it is verified on data of the concrete steel company. The result of the paper is that environmental factors have strong influence on company total profit. Thanks to amount of permits granted to steel companies from the EU for free, it is even possible to increase the company profit. The size of this increase can be affected by choosing the most profitable stock market at the moment of making the decision.
Czech name
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Czech description
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
METAL 2014 : 23rd International Conference on Metallurgy and Materials : conference proceedings : May 21st-23rd 2014, hotel Voroněž I, Brno, Czech Republic, EU
ISBN
978-80-87294-54-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
1570-1575
Publisher name
Tanger
Place of publication
Ostrava
Event location
Brno
Event date
May 21, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000350641700259

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