MONTE CARLO SIMULATIONS FOR THE RISK MANAGEMENT OF ENVIRONMENTAL POLLUTION

Osama A. B. Hassan ()
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Osama A. B. Hassan: Department of Applied Physics and Electronics, Umeå University, 90187 Umeå, Sweden

Journal of Environmental Assessment Policy and Management (JEAPM), 2010, vol. 12, issue 01, 87-101

Abstract: This article attempts to adapt the Monte Carlo method to the quantitative risk management of environmental pollution. In this context, the feasibility of stochastic models to quantitatively evaluate the risk of chemical pollution is first discussed and then linked to a case study in which Monte Carlo simulations are applied. The objective of the case study is to develop a Monte Carlo scheme for evaluating the pollution in a lake environment. It is shown that the results can be of interest as they define the risk margins that are important to the sustainability of the ecosystem in general, and human health in particular. Moreover, assessing the environmental pollution with the help of the Monte Carlo method can be feasible and serve the purpose of investigating and controlling the environmental pollution, in the long and short terms.

Keywords: Risk analysis; Monte Carlo simulations; probability distributions; stochastic methods; pollution (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S146433321000353X

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