Institute of Information Theory and Automation

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Dynamic Decision-making of a Steel Producer under Emission Control

Agency: 
GACR
Identification Code: 
GA16-01298S
Start: 
2016-01-01
End: 
2018-12-31
Project Focus: 
teoretický
Project Type (EU): 
other
Abstract: 
The aim of this project is to model optimal dynamic behaviour of a risk-averse European carbon-emitting steel producer, to design and implement an algorithm solving the corresponding multi-stage optimisation problem and apply the model to a real-life steel company. A linear combination of mean profit and conditional value at risk will serve as a decision criterion; decision variables will include production plans and amounts of allowances held. In addition to the solution and implementation of the model, stability with respect to crisis scenarios will be studied.
Publications ÚTIA: 
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smid: 2016-03-14 17:32