Ethanol crush spreads are used to model the value of a facility which produces ethanol from corn. A real option analysis is used to investigate the effects of model parameters on the related managerial decisions of (i) how to operate the facility through optimal switching from idled to...

This paper examines the optimal control of CO2 emissions from a perspective of efficiency analysis. Several centralized data envelopment analysis (DEA) models are introduced to study the optimal allocation of CO2 emissions under spatial, temporal and spatial–temporal allocation strategies,...

This study proposes a use of Data Envelopment Analysis (DEA) for environmental assessment. All radial and non-radial models are discussed under natural and managerial disposability. The natural disposability implies corporate strategy by which a firm attempts to decrease an input vector to...

We present an alternative decomposition technique to identify the factors which contribute to the change of aggregate CO2 emissions by using distance functions to model the joint production of desirable and undesirable outputs. The key feature of the proposed approach is the introduction of...

This paper proposes the metafrontier non-radial Malmquist CO2 emission performance index (MNMCPI) for measuring dynamic changes in total-factor CO2 emission performance over time. The MNMCPI method allows for the incorporation of group heterogeneity and non-radial slack into the previously...

Environmental assessment recently becomes a major policy issue all over the world. This study discusses how to use Data Environment Analysis (DEA) for environmental assessment for planning corporate strategy and international competitiveness. An important feature of DEA environmental assessment...

This paper explores the way technical progress and improvements in energy efficiency are captured when modelling OECD industrial energy demand. The industrial sectors of the developed world involve a number of different practices and processes utilising a range of different technologies....

The EU-ETS is the first measure initiated by the EU to contribute to the decarbonization of the European energy sector. It is a cap and trade system that requires industries participating to the program to procure allowances to cover their emissions. Electricity Intensive Industries (EIIs) have...

This paper introduces a Linear Almost Ideal Supply System (LAISS) model to examine aggregate US energy demand. Based on the Almost Ideal Demand System (AIDS) model, the LAISS model is a flexible functional form for imposing and testing properties of demand for the inputs of production. Own and...

This paper describes the EPA's voluntary ENERGY STAR program and the results of the automobile manufacturing industry's efforts to advance energy management as measured by the updated ENERGY STAR Energy Performance Indicator (EPI). A stochastic single-factor input frontier estimation using the...