Allocating shadow prices in a multiobjective chance constrained model for biodiesel blending

Carla Caldeira (), Luis Dias, Fausto Freire (), Dimitrios Kremmydas and Stelios Rozakis
Additional contact information
Carla Caldeira: Department of Mechanical Engineering, Faculty of Sciences and Technology, University of Coimbra, Portugal
Fausto Freire: Department of Mechanical Engineering, Faculty of Sciences and Technology, University of Coimbra, Portugal

No 2014-7, Working Papers from Agricultural University of Athens, Department Of Agricultural Economics

Abstract: Biodiesel production sustainability relates to decision making on blending involving economic and environmental criteria. Several feedstocks candidate in European countries biodiesel industry, namely different vegetable origin oils. The present research aims at assessing the impact of technological constraints allocated to the decision objectives taking into account inherent uncertainty. For this purpose chance?constrained programming is used in order to maintain tolerance towards fuel quality.

Keywords: Biodiesel blends; Uncertainty; Chance constrained programming; Shadow prices; Multiobjective programming; GHG emissions (search for similar items in EconPapers)
JEL-codes: C61 Q29 Q42 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2014
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
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