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Original title:
Convexity in stochastic programming model with indicators of ecological stability
Authors: Houda, Michal
Document type: Papers
Conference/Event: 30th International Conference Mathematical Methods in Economics 2012, Karviná (CZ), 2012-09-11 / 2012-09-13
Year: 2012
Language: eng
Abstract: We develop an optimization model dealing with construction expenses that are prescribed as a result of the EIA (Environmental Impact Assessment) process. The process is an obligatory part of every large construction project and evaluates possible influences of the project to the environment, including population health, natural and other socio-economic aspects; the result of the process is a set of recommendation and arrangements the construction must meet. Our optimization model incorporates uncertainties in model parameters; we represent them through their probabilistic distribution. Furthermore, to overcome a problem with quantifying subjective utility function of ecological impacts, we measure them by so-called indicators of ecological stability. The resulting problem is stochastic programming problem formulated as (C)VaR model used traditionally in finance area. In our contribution we deal with convexity properties of this problem – these are especially important from the theoretical as well as from the computational point of view.
Keywords: convexity; stochastic programming; value-at-risk models
Project no.: GAP402/10/0956 (CEP)
Funding provider: GA ČR
Host item entry: Proceedings of 30th International Conference Mathematical Methods in Economics, ISBN 978-80-7248-779-0
Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://library.utia.cas.cz/separaty/2012/E/houda-convexity in stochastic programming model with indicators of ecological stability.pdf
Original record: http://hdl.handle.net/11104/0212459
Permalink: http://www.nusl.cz/ntk/nusl-126826
The record appears in these collections:
Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers
Authors: Houda, Michal
Document type: Papers
Conference/Event: 30th International Conference Mathematical Methods in Economics 2012, Karviná (CZ), 2012-09-11 / 2012-09-13
Year: 2012
Language: eng
Abstract: We develop an optimization model dealing with construction expenses that are prescribed as a result of the EIA (Environmental Impact Assessment) process. The process is an obligatory part of every large construction project and evaluates possible influences of the project to the environment, including population health, natural and other socio-economic aspects; the result of the process is a set of recommendation and arrangements the construction must meet. Our optimization model incorporates uncertainties in model parameters; we represent them through their probabilistic distribution. Furthermore, to overcome a problem with quantifying subjective utility function of ecological impacts, we measure them by so-called indicators of ecological stability. The resulting problem is stochastic programming problem formulated as (C)VaR model used traditionally in finance area. In our contribution we deal with convexity properties of this problem – these are especially important from the theoretical as well as from the computational point of view.
Keywords: convexity; stochastic programming; value-at-risk models
Project no.: GAP402/10/0956 (CEP)
Funding provider: GA ČR
Host item entry: Proceedings of 30th International Conference Mathematical Methods in Economics, ISBN 978-80-7248-779-0
Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://library.utia.cas.cz/separaty/2012/E/houda-convexity in stochastic programming model with indicators of ecological stability.pdf
Original record: http://hdl.handle.net/11104/0212459
Permalink: http://www.nusl.cz/ntk/nusl-126826
The record appears in these collections:
Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers
Record created 2012-11-02, last modified 2021-11-24