Optimal Production Planning Strategy for Deteriorating Items in Terms of Emission Tax, Pollution, and R&D Investment

被引:1
|
作者
Tadj, Loth [1 ]
Garg, Ajay K. [2 ]
Hamdi, Abdelouahed [3 ]
机构
[1] Fairleigh Dickinson Univ, Informat Syst & Decis Sci Dept, Vancouver, BC, Canada
[2] Fairleigh Dickinson Univ, Adm Sci Dept, 842 Cambie St, Vancouver, BC V6B 2P6, Canada
[3] Qatar Univ, Dept Math, Doha, Qatar
关键词
Optimal control; Production planning; Emission tax; Pollution abatement technology; CARBON; SEQUESTRATION;
D O I
10.1007/978-3-319-58589-5_8
中图分类号
F [经济];
学科分类号
02 ;
摘要
Firms are faced with the question of what policies to implement to ensure efficient abatement behavior? In this paper, we aim to determine the optimal production rate and the optimal investment rate in pollution abatement technology. The situation is modeled as an optimal control problem with two state variables and two control variables. The optimal trajectories, the optimal control, and the optimal objective function value are obtained explicitly in both cases where the firm adopts either a continuous-review policy or a periodic-review policy. A numerical example is presented.
引用
收藏
页码:119 / 141
页数:23
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