Repository logo

Infoscience

  • English
  • French
Log In
Logo EPFL, École polytechnique fédérale de Lausanne

Infoscience

  • English
  • French
Log In
  1. Home
  2. Academic and Research Output
  3. Journal articles
  4. Combining Stochastic Optimization and Monte-Carlo Simulation to Deal with Uncertainties in Climate Policy Assessment
 
research article

Combining Stochastic Optimization and Monte-Carlo Simulation to Deal with Uncertainties in Climate Policy Assessment

Babonneau, Frédéric Louis François  
•
Haurie, Alain
•
Loulou, Richard
Show more
2012
Environmental Modeling and Assessment

In this paper we explore the impact of several sources of uncertainties on the assessment of energy and climate policies when one uses in an harmonized way stochastic programming (SP) in a large scale bottom-up (BU) model and Monte-Carlo simulation (MC) in a large scale top-down (TD) model. The BU model we use is the Times Integrated Assessment Model (TIAM), which is run in a stochastic programming version to provide a hedging emission policy to cope with the uncertainty characterizing climate sensitivity. The TD model we use is the computable general equilibrium model GEMINI-E3. Through Monte-Carlo simulations of randomly generated uncertain parameter values one provides a stochastic micro- and macro-economic analysis. Through statistical analysis of the simulation results we analyze the impact of the uncertainties on the policy assessment.

  • Files
  • Details
  • Metrics
Loading...
Thumbnail Image
Name

10666_2011_Article_9275.pdf

Type

Publisher's Version

Version

http://purl.org/coar/version/c_970fb48d4fbd8a85

Access type

openaccess

Size

873.08 KB

Format

Adobe PDF

Checksum (MD5)

58424678b05a6fe38d12845cd33d867c

Logo EPFL, École polytechnique fédérale de Lausanne
  • Contact
  • infoscience@epfl.ch

  • Follow us on Facebook
  • Follow us on Instagram
  • Follow us on LinkedIn
  • Follow us on X
  • Follow us on Youtube
AccessibilityLegal noticePrivacy policyCookie settingsEnd User AgreementGet helpFeedback

Infoscience is a service managed and provided by the Library and IT Services of EPFL. © EPFL, tous droits réservés