0369422 20240103200047.720121018235959.9 000309074600046 5 s. P cav_un_epca*0364870978-80-7431-058-4279-283PragueProffesional publishing2011 EIA process indicator of ecological stability stochastic programming value-at-risk model cav_un_auth*0108104 Houda Michal Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. GAP402/10/0956 GA ČR cav_un_auth*0263482 CEZ:AV0Z10750506 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. cav_un_auth*0277377 Mathematical Methods in Economics 2011 Jánska Dolina 06.09.2011-09.09.2011 SK 2013 BB 1 http://hdl.handle.net/11104/0203488 2011 000309074600046 WOS cav_un_epca*0364870 Mathematical Methods in Economics 2011 978-80-7431-058-4 279 283 Prague Proffesional publishing 2011