DocumentCode
2028484
Title
A real option approach considering the climate change for policy decision
Author
Koide, N. ; Tsuda, H. ; Okuhara, K. ; Tsubaki, H.
Author_Institution
Grad. Sch. of Inf. Sci. & Technol., Osaka Univ., Suita, Japan
fYear
2012
fDate
7-8 July 2012
Firstpage
29
Lastpage
32
Abstract
In the DICE model, it simulates climate changes from macro-economic dynamics. In this paper, we assume that the temperature changes may be altered by economic or political factors, and some stochastic process provides it. Under uncertainty, we present the new approach to obtain an optimal policy on utility function based on DICE using real option approach considering the option graph.
Keywords
decision making; environmental economics; graph theory; macroeconomics; politics; stochastic processes; utility theory; DICE model; climate change; economic factors; macroeconomic dynamics; optimal policy; option graph; policy decision; political factors; real option approach; stochastic process; temperature changes; uncertainty; utility function; Economics; Equations; Mathematical model; Meteorology; Oceans; Stochastic processes; Uncertainty; Climate Change; Economy; Real Option Approach;
fLanguage
English
Publisher
ieee
Conference_Titel
Green and Ubiquitous Technology (GUT), 2012 International Conference on
Conference_Location
Jakarta
Print_ISBN
978-1-4577-2172-4
Type
conf
DOI
10.1109/GUT.2012.6344181
Filename
6344181
Link To Document