Emission management of a steel company: Fuzzy expected value approach

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Emission management of a steel company: Fuzzy expected value approach

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Emission management of a steel company: Fuzzy expected value approach

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

Počet stran výsledku

6

Strana od-do

925-930

Název nakladatele

University of West Bohemia

Místo vydání

Plzeň

Místo konání akce

Cheb

Datum konání akce

9. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000387898900158