| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Flexible Waste Management under Uncertainty | |
| Luca Di Corato; Natalia Montinari | |
| 发表日期 | 2013 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a flexible program which integrates the existing landfill strategy with recycling, keeping the option to switch back to landfilling, if profitable. We determine the optimal share of waste to be recycled and the optimal timing for the investment in such a flexible program. We find that adopting a flexible program rather than a non-flexible one, the municipality: i) invests in recycling capacity under circumstances where it would not do so otherwise; ii) invests earlier, and iii) benefits from a higher expected net present value. |
| 特色分类 | C61;Q53 |
| 关键词 | Real Options Flexibility Municipal Waste Recycling |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/flexible-waste-management-under-uncertainty/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118136 |
| 推荐引用方式 GB/T 7714 | Luca Di Corato,Natalia Montinari. Flexible Waste Management under Uncertainty. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 20131281639271Nota_d（71KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 2013241135584NDL2013（602KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 文件名： | 20131281639271Nota_di_Lavoro.jpg |
| 格式： | JPEG |
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