The Broker Simulation Model in the Emission Allowances Trading Area

Petr Cermak; Jarmila Zimmermannova; Jan Lavrincik; Miroslav Pokorny; Jiri Martinu

The Broker Simulation Model in the Emission Allowances Trading Area

Year 2015, Volume: 5 Issue: 1, 80 - 95, 01.03.2015

Petr Cermak Jarmila Zimmermannova Jan Lavrincik Miroslav Pokorny Jiri Martinu

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

EU ETS, Fuzzy modelling, Broker

Year 2015, Volume: 5 Issue: 1, 80 - 95, 01.03.2015

Petr Cermak Jarmila Zimmermannova Jan Lavrincik Miroslav Pokorny Jiri Martinu

Abstract

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Details

Other ID	JA59PH54NK
Journal Section	Research Article
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
Published in Issue	Year 2015 Volume: 5 Issue: 1

Cite

APA	Cermak, P., Zimmermannova, J., Lavrincik, J., Pokorny, M., et al. (2015). The Broker Simulation Model in the Emission Allowances Trading Area. International Journal of Energy Economics and Policy, 5(1), 80-95.
AMA	Cermak P, Zimmermannova J, Lavrincik J, Pokorny M, Martinu J. The Broker Simulation Model in the Emission Allowances Trading Area. IJEEP. March 2015;5(1):80-95.
Chicago	Cermak, Petr, Jarmila Zimmermannova, Jan Lavrincik, Miroslav Pokorny, and Jiri Martinu. “The Broker Simulation Model in the Emission Allowances Trading Area”. International Journal of Energy Economics and Policy 5, no. 1 (March 2015): 80-95.
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	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, 2015.
ISNAD	Cermak, Petr et al. “The Broker Simulation Model in the Emission Allowances Trading Area”. International Journal of Energy Economics and Policy 5/1 (March 2015), 80-95.
JAMA	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, 2015, pp. 80-95.
Vancouver	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.