Development of a Fuzzy optimization model, supporting global warming decision-making

Marian Leimbach

Environmental & Resource Economics, 1996, vol. 7, issue 2, 163-192

Abstract: An increasing number of models have been developed to support global warming response policies. The model constructors are facing a lot of uncertainties which limit the evidence of these models. The support of climate policy decision-making is only possible in a semi-quantitative way, as presented by aFuzzy model. The model design is based on an optimization approach, integrated in a bounded risk decision-making framework. Given some regional emission-related and impact-related restrictions, optimal emission paths can be calculated. The focus is not only on carbon dioxide but on other greenhouse gases too. In the paper, the components of the model will be described. Cost coefficients, emission boundaries and impact boundaries are represented asFuzzy parameters. TheFuzzy model will be transformed into a computational one by using an approach of Rommelfanger. In the second part, some problems of applying the model to computations will be discussed. This includes discussions on the data situation and the presentation, as well as interpretation of results of sensitivity analyses. The advantage of theFuzzy approach is that the requirements regarding data precision are not so strong. Hence, the effort for data acquisition can be reduced and computations can be started earlier. Copyright Kluwer Academic Publishers 1996

Keywords: Decision-making; climate policy-making; global warming; cost-effectiveness analysis; modelling; fuzzy logic; risk aversion (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/BF00699290

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