This book presents the latest findings on stochastic dynamic programming models and on solving optimal control problems in networks. It includes the authors’ new findings on determining the optimal solution of discrete optimal control problems in networks and on solving game variants of Markov...

The presented TEM-model describes the economical interaction between several actors (players) which intend to minimize their emissions (E <Subscript>i</Subscript>) caused by technologies (T <Subscript>i</Subscript>) by means of expenditures of money (M <Subscript>i</Subscript>) or financial means, respectively. The index stands for the i-th player, i=1, … ,n....</subscript></subscript></subscript>

The presented TEM-model describes the economical interaction between several actors (players) which intend to minimize their emissions (E i ) caused by technologies (T i ) by means of expenditures of money (M i ) or financial means, respectively. The index stands for the i-th player, i=1, …...

System dynamics models are employed for analyzing the impact of different uncertainties on carbon emission trading–both on national and business levels. Economic, institutional and technological uncertainties significantly influence any country's benefits from emission permit trading. If a...

Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of...