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Evaluating environmental risks using safety-first constraints

delete2001-05-01
delete25
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OA
AI
Z
Zeyuan Qiu
T
Tony Prato
F
Francis P. McCamley
DOI:10.1111/0002-9092.00165delete
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Abstract

Abstract

En 中文
This article incorporates an upper partial moment concept into a linear programming model to impose safety-first environmental constraints. The model is linear and deterministic, treats a discrete sample as an empirical distribution, and optimizes over the column space. It allows a decision maker to specify the objectives and the compliance probabilities with the objectives when making decisions: and endogenously determines the risk levels. Even though it is presented in the contest of environmental management, the model is general enough to be extended to other situations were the probability of a variable exceeding some target or standard is restricted.
Keywords:
safety-first
environmental risk
upper partial moment
chance constrained programming target MOTAD
sedimentation
and nitrogen runoff
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Journal

American Journal of Agricultural Economics cover
American Journal of Agricultural Economics
IF:
3.3
Papers:
6.6K
Citations:
8.9K

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