Production strategies under environmental constraints: Continuous-time model with concave costs

Production strategies under environmental constraints: Continuous-time model with concave costs

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Article ID: iaor2002149
Country: Netherlands
Volume: 71
Issue: 1/3
Start Page Number: 323
End Page Number: 330
Publication Date: Jan 2001
Journal: International Journal of Production Economics
Authors:
Keywords: geography & environment
Abstract:

The aim of this paper is to investigate how environmental policies, in the form of emission charges or emission limits, affect the production–inventory decisions of a firm. Our framework applies control theory to analyze optimal production policies. The paper modifies the results of Wirl to the case of concave production costs.

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