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Using indicators of ecological stability in stochastic programming
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SYSNO ASEP 0369422 Document Type C - Proceedings Paper (int. conf.) R&D Document Type Conference Paper Title Using indicators of ecological stability in stochastic programming Author(s) Houda, Michal (UTIA-B) ORCID Number of authors 1 Source Title Mathematical Methods in Economics 2011. - Prague : Proffesional publishing, 2011 - ISBN 978-80-7431-058-4 Pages s. 279-283 Number of pages 5 s. Publication form Print - P Action Mathematical Methods in Economics 2011 Event date 06.09.2011-09.09.2011 VEvent location Jánska Dolina Country SK - Slovakia Event type EUR Language eng - English Country CZ - Czech Republic Keywords EIA process ; indicator of ecological stability ; stochastic programming ; value-at-risk model Subject RIV BB - Applied Statistics, Operational Research R&D Projects GAP402/10/0956 GA ČR - Czech Science Foundation (CSF) CEZ AV0Z10750506 - UTIA-B (2005-2011) UT WOS 000309074600046 Annotation When building bigger construction the EU law impose the so-called EIA process - evaluation of possible influences of the construction on the environment and population health, grouped into several categories. Outputs of the EIA process are recommendations to the investors compensating the negative impacts of the constructions by additional arrangements. In our contribution we develop an innovative approach to model the expenses devoted to obey the EIA rules by stochastic programming tools: especially, we represent uncertainty in parameters by their probabilistic distributions, and subjective utility function representing the ecological demands is modelled via so-called indicators of ecological stability. The model takes into account budget limitations, several legislative obligations, and other ecological aspects; the goal is to help choose the optimal compensating constructions and arrangements. The resulting stochastic programming model is seen as parallel to V@R problem. Workplace Institute of Information Theory and Automation Contact Markéta Votavová, votavova@utia.cas.cz, Tel.: 266 052 201. Year of Publishing 2013
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