EURO 2024 Copenhagen
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881. Environmental Models as a Tool for Ecological and Economic Decisions-Making

Invited abstract in session WC-53: Sustainability and Equity in Ecosystems, Ecology and Food, stream Sustainable and Resilient Systems.

Wednesday, 12:30-14:00
Room: 8007 (building: 202)

Authors (first author is the speaker)

1. Marian Reiff
Department of Operations Research and Economics, University of Economics in Bratislava
2. Ivan Brezina
Department of Operations Research and Economics, University of Economics in Bratislava
3. Juraj Pekár
Department of Operations Research and Econometrics, University of Economics in Bratislava

Abstract

Achieving sustainable development is one of the biggest challenges today. It is also one of the reasons why the green economy has come to the fore in recent years. Therefore, nowadays, it is attractive to formulate new optimization goals based on established economic and ecological priorities, which are incorporated into economic and ecological models, as green initiatives provide an impetus to move away from the traditional understanding of economic processes. This implies the need to modify optimization processes to link economic and ecological approaches to evaluate the economic and ecological efficiency of the decision-making process. The first works since 1960 can be registered in problematics of environmental control via mathematical programming models. For example, individual companies can use management decision-making methods to address previously mentioned issues and formulate ecological-economic structural models, reverse logistics models, more ecologically friendly distribution models, air and water pollution models, eco-efficiency evaluation models (emission regulation), and resource allocation models. This work was supported by the Grant Agency of Slovak Republic – VEGA grant no. 1/0120/23 Environmental models as a tool for ecological and economic decisions making.

Keywords

Status: accepted

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