Mean-risk optimal decision of a steel company under emission control

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F16%3A00451991" target="_blank" >RIV/67985556:_____/16:00451991 - isvavai.cz</a>
Alternative codes found
RIV/61989100:27510/16:86097828
Result on the web
<a href="http://dx.doi.org/10.1007/s10100-015-0430-7" target="_blank" >http://dx.doi.org/10.1007/s10100-015-0430-7</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10100-015-0430-7" target="_blank" >10.1007/s10100-015-0430-7</a>

Result language
angličtina
Original language name
Mean-risk optimal decision of a steel company under emission control
Original language description
We propose a mean-risk decision model for a steel company facing emission limits and trading with emission allowances. The model is calibrated using data of a real-life steel company and is subsequently solved for five different scenarios of demand and different levels of risk aversion. It is found that while the limits are never reached, permit trading influences the decision to a great extent, especially given extremely low or extremely high demand when large amounts of permits need to be traded. We demonstrate that the risk caused by emission trading may increase not only with an increasing demand but also when the demand is low and a great amount of allowances must be sold.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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