IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v83y2001i2p402-413.html
   My bibliography  Save this article

Evaluating Environmental Risks Using Safety-First Constraints

Author

Listed:
  • Zeyuan Qiu
  • Tony Prato
  • Francis McCamley

Abstract

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 context of environmental management, the model is general enough to be extended to other situations where the probability of a variable exceeding some target or standard is restricted. Copyright 2001, Oxford University Press.

Suggested Citation

  • Zeyuan Qiu & Tony Prato & Francis McCamley, 2001. "Evaluating Environmental Risks Using Safety-First Constraints," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 402-413.
    • Handle: RePEc:oup:ajagec:v:83:y:2001:i:2:p:402-413
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/0002-9092.00165
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lokonon, Boris Odilon & Savadogo, Kimseyinga & Mbaye, Ahmadou, 2015. "Assessing the impacts of climate shocks on farm performance and adaptation responses in the Niger basin of Benin," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 10(3), pages 1-16, September.
    2. Ghosh, Gaurav & Kwasnica, Anthony & Shortle, James, 2010. "A Laboratory Experiment to Compare Two Market Institutions for Emissions Trading," FCN Working Papers 18/2010, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    3. Cruz, Jose M., 2008. "Dynamics of supply chain networks with corporate social responsibility through integrated environmental decision-making," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1005-1031, February.
    4. Ofer Zwikael & Mark Ahn, 2011. "The Effectiveness of Risk Management: An Analysis of Project Risk Planning Across Industries and Countries," Risk Analysis, John Wiley & Sons, vol. 31(1), pages 25-37, January.
    5. Cruz, Jose M. & Wakolbinger, Tina, 2008. "Multiperiod effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk," International Journal of Production Economics, Elsevier, vol. 116(1), pages 61-74, November.
    6. Radulescu, Marius & Radulescu, Sorin & Radulescu, Constanta Zoie, 2009. "Sustainable production technologies which take into account environmental constraints," European Journal of Operational Research, Elsevier, vol. 193(3), pages 730-740, March.
    7. Intarapapong, Walaiporn & Hite, Diane & Renck, Ashley Wood, 2002. "Environmental Risk Assessment Under Environmental Standard And Safety-First Constraints," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36673, Western Agricultural Economics Association.
    8. Khanal, Kalpana & Henneberry, Shida Rastegari & Taylor, Merritt J. & Schatzer, Raymond Joe & Epplin, Francis M. & Roberts, B. Warren & Edelson, Jonathan V. & Shrefler, Jim, 2008. "Organic and Conventional Vegetable Production in Oklahoma," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6789, Southern Agricultural Economics Association.
    9. Enahoro, D. & Schmit, T.M. & Boisvert, R.N., 2016. "Assessment Of New York’S Pollution Discharge Elimination Permits For Cafo’S: A Regional Analysis," Working Papers 250026, Cornell University, Department of Applied Economics and Management.
    10. Apland, Jeffrey & Grainger, Corbett & Strock, Jeffrey, 2004. "Modeling Agricultural Production Considering Water Quality and Risk," Staff Papers 14240, University of Minnesota, Department of Applied Economics.
    11. Intarapapong, Walaiporn & Hite, Diane, 2003. "Watershed-Level Policies To Implement Best Management Practices Under Environmental Risk," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35007, Southern Agricultural Economics Association.
    12. Matthews, Nicolette & Grove, Bennie, 2015. "Economic-Environmental Trade-offs and the Conservativeness of the Upper Partial Moment," 2015 Conference, August 9-14, 2015, Milan, Italy 212450, International Association of Agricultural Economists.
    13. Marius Rădulescu & Constanta Rădulescu & Gheorghiţă Zbăganu, 2014. "A portfolio theory approach to crop planning under environmental constraints," Annals of Operations Research, Springer, vol. 219(1), pages 243-264, August.
    14. Athanasios Kampas & Ben White, 2004. "Administrative Costs and Instrument Choice for Stochastic Non-point Source Pollutants," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 27(2), pages 109-133, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:83:y:2001:i:2:p:402-413. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.