Feedback, dynamics, and optimal control in climate economics

Kellett CM, Weller SR, Faulwasser T, Gruene L, Semmler W (2019)
Annual Reviews in Control 47: 7-20.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor/in
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Abstract / Bemerkung
For his work in the economics of climate change, Professor William Nordhaus was a co-recipient of the 2018 Nobel Memorial Prize for Economic Sciences. A core component of the work undertaken by Nordhaus is the Dynamic Integrated model of Climate and Economy, known as the DICE model. The DICE model is a discrete-time model with two control inputs and is primarily used in conjunction with a particular optimal control problem in order to estimate optimal pathways for reducing greenhouse gas emissions. In this paper, we provide a tutorial introduction to the DICE model and we indicate challenges and open problems of potential interest for the systems and control community. (C) 2019 Elsevier Ltd. All rights reserved.
Stichworte
Optimal control; Nonlinear systems; Economics; Geophysical dynamics; Climate change
Erscheinungsjahr
2019
Zeitschriftentitel
Annual Reviews in Control
Band
47
Seite(n)
7-20
ISSN
1367-5788
Page URI
https://pub.uni-bielefeld.de/record/2936969

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Kellett CM, Weller SR, Faulwasser T, Gruene L, Semmler W. Feedback, dynamics, and optimal control in climate economics. Annual Reviews in Control. 2019;47:7-20.
Kellett, C. M., Weller, S. R., Faulwasser, T., Gruene, L., & Semmler, W. (2019). Feedback, dynamics, and optimal control in climate economics. Annual Reviews in Control, 47, 7-20. doi:10.1016/j.arcontrol.2019.04.003
Kellett, C. M., Weller, S. R., Faulwasser, T., Gruene, L., and Semmler, W. (2019). Feedback, dynamics, and optimal control in climate economics. Annual Reviews in Control 47, 7-20.
Kellett, C.M., et al., 2019. Feedback, dynamics, and optimal control in climate economics. Annual Reviews in Control, 47, p 7-20.
C.M. Kellett, et al., “Feedback, dynamics, and optimal control in climate economics”, Annual Reviews in Control, vol. 47, 2019, pp. 7-20.
Kellett, C.M., Weller, S.R., Faulwasser, T., Gruene, L., Semmler, W.: Feedback, dynamics, and optimal control in climate economics. Annual Reviews in Control. 47, 7-20 (2019).
Kellett, Christopher M., Weller, Steven R., Faulwasser, Timm, Gruene, Lars, and Semmler, Willi. “Feedback, dynamics, and optimal control in climate economics”. Annual Reviews in Control 47 (2019): 7-20.