MPC-DICE : an open-source Matlab implementation of receding horizon solutions to DICE*

Publikationstyp
Conference Paper
Date Issued
2018
Sprache
English
Author(s)
Faulwasser, Timm  
Weller, Steven R.
Kellett, Christopher M.  
TORE-URI
https://hdl.handle.net/11420/46295
Journal
IFAC-PapersOnLine  
Volume
51
Issue
5
Start Page
120
End Page
125
Citation
IFAC-PapersOnLine 51 (5): 120-125 (2018)
Publisher DOI
10.1016/j.ifacol.2018.06.221
Scopus ID
2-s2.0-85048744926
Publisher
IFAC
The most widely used integrated assessment model for studying the economics of climate change is the Dynamic Integrated model of Climate and Economy (DICE). DICE is a nonlinear, time-varying discrete-time system whereby important quantities are calculated by solving an associated optimal control problem. Here, we describe an open-source Matlab implementation of the DICE model which uses Model Predictive Control (MPC) to approximately solve the DICE optimal control problem.
Subjects
Climate Models
Computer Software
Economic Models
Economics of Climate Change
DDC Class
004: Computer Sciences
333.7: Natural Resources, Energy and Environment
510: Mathematics