Landfill Construction and Capacity Expansion
AbstractWe study the optimal capacity and lifetime of landfills taking into account their sequential nature.Such an optimal capacity is characterized by the so-called Optimal Capacity Condition.Particular versions of this condition are obtained for two alternative settings: first, if all the landfills are to have the same capacity, and second, if each of them is allowed to have a different capacity.In the second case we obtain an Optimal Control problem, with mixed elements of both continuous and discrete time.The resulting optimization problems involve dividing a time horizon of planning into several subintervals of endogenously decided length.The results obtained may be useful to address other economic problems such as private and public investments, consumption decisions on durable goods, etc.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2003-115.
Date of creation: 2003
Date of revision:
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Web page: http://center.uvt.nl
investements; resources; capacity; costs;
Other versions of this item:
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-12-14 (All new papers)
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