Energy consumption and environmental pollution: A stochastic model

Research output: Contribution to journalArticle

Abstract

This paper considers an energy-pollution economic problem which uses a stochastic queue framework. This approach is shown to establish a link between a firm's energy-consuming economic activity and its effects on the pollution that it generates as a function of its activity. An economic model is then used to draw some inferences regarding the effects of selected economic parameters on the propensity to pollute and prevent pollution. In particular, a number of theories pertaining to the effects of pollution and its regulation on the output and competitiveness of firms are elaborated. For example, the Porter hypothesis presuming that a stringent environmental policy improves a firm's competitiveness is analysed in terms of our model. For demonstration purposes, a simple example is used.

Original languageEnglish (US)
Pages (from-to)263-273
Number of pages11
JournalIMA Journal of Management Mathematics
Volume20
Issue number3
DOIs
StatePublished - 2009

Fingerprint

Stochastic models
Pollution
Energy Consumption
Stochastic Model
Energy utilization
Economics
Competitiveness
Economic Model
Energy
Queue
Demonstrations
Environmental pollution
Stochastic model
Energy consumption
Output
Business
Model

Keywords

  • Eco-management
  • Energy
  • Pollution
  • Queueing

ASJC Scopus subject areas

  • Applied Mathematics
  • Management Information Systems
  • Strategy and Management

Cite this

Energy consumption and environmental pollution : A stochastic model. / Tapiero, Charles.

In: IMA Journal of Management Mathematics, Vol. 20, No. 3, 2009, p. 263-273.

Research output: Contribution to journalArticle

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