bibtype	J - Journal Article
ARLID	0451991
utime	20240103211354.2
mtime	20160229235959.9
SCOPUS	84949485358
WOS	000374450100012
DOI	10.1007/s10100-015-0430-7
title (primary) (eng)	Mean-risk optimal decision of a steel company under emission control
specification	page_count 21 s. media_type P
serial	ARLID cav_un_epca*0293028 ISSN 1435-246X title Central European Journal of Operations Research volume_id 24 volume 2 (2016) page_num 435-454
keyword	Stochastic programming
keyword	Risk management
keyword	Mean-risk modeling
keyword	Emissions trading
keyword	Emissions management
author (primary)	ARLID cav_un_auth*0324365 share 50 name1 Zapletal name2 F. country CZ garant K
author	ARLID cav_un_auth*0101206 full_dept (cz) Ekonometrie full_dept Department of Econometrics department (cz) E department E full_dept Department of Econometrics share 50 name1 Šmíd name2 Martin institution UTIA-B fullinstit Ústav teorie informace a automatizace AV ČR, v. v. i.
source	url http://library.utia.cas.cz/separaty/2015/E/smid-0451991.pdf
cas_special	project ARLID cav_un_auth*0323625 project_id SP2014/146 agency EC country XE project ARLID cav_un_auth*0323626 project_id SP2013/148 agency EC country XE project ARLID cav_un_auth*0281000 project_id GBP402/12/G097 agency GA ČR country CZ project ARLID cav_un_auth*0292622 project_id GA13-25911S agency GA ČR abstract (eng) 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. RIV BB reportyear 2017 num_of_auth 2 inst_support RVO:67985556 permalink http://hdl.handle.net/11104/0253700 cooperation ARLID cav_un_auth*0323627 name VSB - Technical University of Ostrava institution VSB-TU Ostrava country CZ confidential S mrcbC86 3+4 Article Operations Research Management Science mrcbT16-e OPERATIONSRESEARCHMANAGEMENTSCIENCE mrcbT16-j 0.305 mrcbT16-s 0.531 mrcbT16-4 Q3 mrcbT16-B 7.294 mrcbT16-D Q4 mrcbT16-E Q3 arlyear 2016 mrcbU14 84949485358 SCOPUS mrcbU34 000374450100012 WOS mrcbU63 cav_un_epca*0293028 Central European Journal of Operations Research 1435-246X 1613-9178 Roč. 24 č. 2 2016 435 454