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An economic model for investing in sulfur oxide control technology development

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Abstract

The model estimates, subject to restrictions, the functional relationship between national sulfur dioxide discharges and investment in control technology development. Estimates may be made for different product demands, allowed cost increases, and clean fuel availabilities. Control technology development may be accelerated by increased investment. Both optimal and sub-optimal solutions are calculated for an example problem. A general computing method is provided.

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The model was presented at the Industrial Process Design for Pollution Control Workshop, Chicago, Illinois, Oct. 1973; copyright released by the American Institute of Chemical Engineers for publication for the first time in the monographNormative Analysis in Policy Decisions: Public and Private.

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Thompson, R.G., Hocking, R.R. & Johnson, A.M. An economic model for investing in sulfur oxide control technology development. Ann Oper Res 2, 239–252 (1984). https://doi.org/10.1007/BF01874742

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  • DOI: https://doi.org/10.1007/BF01874742

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