An inexact-stochastic with recourse model for developing regional economic-ecological sustainability under uncertainty

Y.P. Li, G.H. Huang, N. Zhang and S.L. Nie

Ecological Modelling, 2011, vol. 222, issue 2, 370-379

Abstract: Effective planning of resources management is important for facilitating socio-economic development and eco-environmental sustainability. Such a planning effort is complicated with a variety of uncertain, dynamic and nonlinear factors as well as their interactions. In this study, an inexact-stochastic quadratic programming with recourse (ISQP-R) method is developed for reflecting dynamics of system uncertainties based on a complete set of scenarios as well as tackling nonlinearities in the objective function to reflect the effects of marginal utility on system benefits and costs. Moreover, since penalties are exercised with recourse against any infeasibility, the ISQP-R can support the analysis of various policy scenarios that are associated with different levels of economic consequences when the promised targets are violated. The developed method is applied to a case study of planning resources management and developing regional ecological sustainability. The results have been generated and are helpful for decision makers in not only identifying desired resources-allocation strategies but also gaining insight into the tradeoff between economic objective and eco-environment violation risk.

Keywords: Decision making; Ecological; Modeling; Optimization; Stochastic with recourse; Sustainability; Uncertainty; Resources management (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecomod:v:222:y:2011:i:2:p:370-379

DOI: 10.1016/j.ecolmodel.2009.12.010

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