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Local CHP development in Denmark has during the 90's been characterised by large growth primarily due to government subsidies in the form of feed-in tariffs. In line with the liberalisation process in the EU, Danish local CHPs of a certain size must operate on market terms from 2005. This paper presents a stochastic unit commitment model for a single local CHP plant (consisting of CHP unit, boiler,...
The paper presents a review of mathematical models used in economic analysis of environmental problems. This area of research combines macroeconomic models of growth, as dependent on capital, labour, resources etc., with environmental models describing such phenomena like natural resources exhaustion or pollution accumulation and degradation. In simpler cases the models can be treated analytically...
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