Emission management of a steel company: Fuzzy expected value approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86093914" target="_blank" >RIV/61989100:27510/15:86093914 - 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
Emission management of a steel company: Fuzzy expected value approach
Original language description
This paper is devoted to the industrial companies’ profit margin optimization. Except of the common economic factors, ecological factors are taken into account here. In this paper, an emphasis is put on the emission trading and its influence on the profit margin of enterprises. Since the European companies are obliged to participate in the European emission trading system (EU ETS), this factor should not be omitted in their both planning and decision-making. Unlike other papers with this topic presented by the author (Zapletal and Nv emec, 2012) or (Zapletal, 2014), in which the deterministic and stochastic versions of the model were presented, in this paper, the fuzzy expected value (i.e. possibilistic mean value) approach is used. Due to the difficult predictability of some model inputs (especially the prices of allowances) caused by system dynamics, the fuzzy approach is considered to be highly suitable. The designed model is verified on the data of one steel company in the Czech Republic.
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
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics, MME 2015 : 33rd international conference : conference proceedings : Cheb, Czech Republic, September 9-11, 2015
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
925-930
Publisher name
University of West Bohemia
Place of publication
Plzeň
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000387898900158

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