The Broker Simulation Model in the Emission Allowances Trading Area

Volume: 5 Number: 1 March 1, 2015
  • Petr Cermak
  • Jarmila Zimmermannova
  • Jan Lavrincik
  • Miroslav Pokorny
  • Jiri Martinu
International Journal of Energy Economics and Policy Cover
International Journal of Energy Economics and Policy
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The Broker Simulation Model in the Emission Allowances Trading Area

Abstract

This paper is focused on possibilities of simulations of emission allowances trading within the EU emission trading system using new designed broker simulation model which integrates different original soft computing and decision making methods. Firstly, the paper presents the background of the EU emissions trading system and an overview of different methods used in current research connected with CO2 emission allowances trading. The key part of the paper focuses on the broker simulation model creation and application. The results are based on expert systems with fuzzy rule bases, nonlinear fuzzy rule based predictors and fuzzy rule based behavior modelling. The application part of the results has been performed in Matlab. The broker simulation model is able to make decisions connected with the traded amount, price of allowances and buy/sell actions within the time on the market

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Petr Cermak This is me

Jarmila Zimmermannova This is me

Jan Lavrincik This is me

Miroslav Pokorny This is me

Jiri Martinu This is me

Publication Date

March 1, 2015

Submission Date

March 1, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 5 Number: 1

IZ

https://izlik.org/JA25AN32GN

Cite

RIS / Bibtex
APA
Cermak, P., Zimmermannova, J., Lavrincik, J., Pokorny, M., & Martinu, J. (2015). The Broker Simulation Model in the Emission Allowances Trading Area. International Journal of Energy Economics and Policy, 5(1), 80-95. https://izlik.org/JA25AN32GN
AMA
1.Cermak P, Zimmermannova J, Lavrincik J, Pokorny M, Martinu J. The Broker Simulation Model in the Emission Allowances Trading Area. IJEEP. 2015;5(1):80-95. https://izlik.org/JA25AN32GN
Chicago
Cermak, Petr, Jarmila Zimmermannova, Jan Lavrincik, Miroslav Pokorny, and Jiri Martinu. 2015. “The Broker Simulation Model in the Emission Allowances Trading Area”. International Journal of Energy Economics and Policy 5 (1): 80-95. https://izlik.org/JA25AN32GN.
EndNote
Cermak P, Zimmermannova J, Lavrincik J, Pokorny M, Martinu J (March 1, 2015) The Broker Simulation Model in the Emission Allowances Trading Area. International Journal of Energy Economics and Policy 5 1 80–95.
IEEE
[1]P. Cermak, J. Zimmermannova, J. Lavrincik, M. Pokorny, and J. Martinu, “The Broker Simulation Model in the Emission Allowances Trading Area”, IJEEP, vol. 5, no. 1, pp. 80–95, Mar. 2015, [Online]. Available: https://izlik.org/JA25AN32GN
ISNAD
Cermak, Petr - Zimmermannova, Jarmila - Lavrincik, Jan - Pokorny, Miroslav - Martinu, Jiri. “The Broker Simulation Model in the Emission Allowances Trading Area”. International Journal of Energy Economics and Policy 5/1 (March 1, 2015): 80-95. https://izlik.org/JA25AN32GN.
JAMA
1.Cermak P, Zimmermannova J, Lavrincik J, Pokorny M, Martinu J. The Broker Simulation Model in the Emission Allowances Trading Area. IJEEP. 2015;5:80–95.
MLA
Cermak, Petr, et al. “The Broker Simulation Model in the Emission Allowances Trading Area”. International Journal of Energy Economics and Policy, vol. 5, no. 1, Mar. 2015, pp. 80-95, https://izlik.org/JA25AN32GN.
Vancouver
1.Petr Cermak, Jarmila Zimmermannova, Jan Lavrincik, Miroslav Pokorny, Jiri Martinu. The Broker Simulation Model in the Emission Allowances Trading Area. IJEEP [Internet]. 2015 Mar. 1;5(1):80-95. Available from: https://izlik.org/JA25AN32GN