A Stochastic Anaerobic Digestion Economic Assessment Tool (SADEAT)

Yakubu Abdul-Salam

doi:10.1016/j.softx.2018.05.004

A Stochastic Anaerobic Digestion Economic Assessment Tool (SADEAT)

Yakubu Abdul-Salam^* (Corresponding Author)

^*Corresponding author for this work

Economics

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Abstract

Deterministic approaches to analysing the economic feasibility of anaerobic digestion (AD) projects can lead to non-robust results. Stochastic approaches are inherently robust because they simultaneously explore multiple stochastic AD variables based on their probability distributions. However, few research papers on AD economics have used a stochastic approach in part due to the unavailability of tools for doing so. This paper presents a freely available stochastic AD economic assessment tool (SADEAT) to help private firms, farmers and scientists interested in robustly assessing the economic feasibility of AD projects and/or policymakers seeking to explore policy options for the industry.

Original language	English
Pages (from-to)	190-197
Number of pages	8
Journal	SoftwareX
Volume	7
Early online date	30 Jun 2018
DOIs	https://doi.org/10.1016/j.softx.2018.05.004
Publication status	Published - 2018

Keywords

Anaerobic digestion
Decision support
Economics
Stochastic

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Cite this

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title = "A Stochastic Anaerobic Digestion Economic Assessment Tool (SADEAT)",

abstract = "Deterministic approaches to analysing the economic feasibility of anaerobic digestion (AD) projects can lead to non-robust results. Stochastic approaches are inherently robust because they simultaneously explore multiple stochastic AD variables based on their probability distributions. However, few research papers on AD economics have used a stochastic approach in part due to the unavailability of tools for doing so. This paper presents a freely available stochastic AD economic assessment tool (SADEAT) to help private firms, farmers and scientists interested in robustly assessing the economic feasibility of AD projects and/or policymakers seeking to explore policy options for the industry.",

keywords = "Anaerobic digestion, Decision support, Economics, Stochastic",

author = "Yakubu Abdul-Salam",

note = "The author would like to acknowledge the Macaulay Development Trust which funded his postdoctoral fellowship with The James Hutton Institute, Aberdeen, UK in the period January 2015 to January 2018. The author would also like to thank the Centre for Energy Economics Research and Policy at the Heriot-Watt University, Edinburgh where he is currently based, and BP Plc which supports his current fellowship, for part funding this research. ",

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N1 - The author would like to acknowledge the Macaulay Development Trust which funded his postdoctoral fellowship with The James Hutton Institute, Aberdeen, UK in the period January 2015 to January 2018. The author would also like to thank the Centre for Energy Economics Research and Policy at the Heriot-Watt University, Edinburgh where he is currently based, and BP Plc which supports his current fellowship, for part funding this research.

PY - 2018

Y1 - 2018

N2 - Deterministic approaches to analysing the economic feasibility of anaerobic digestion (AD) projects can lead to non-robust results. Stochastic approaches are inherently robust because they simultaneously explore multiple stochastic AD variables based on their probability distributions. However, few research papers on AD economics have used a stochastic approach in part due to the unavailability of tools for doing so. This paper presents a freely available stochastic AD economic assessment tool (SADEAT) to help private firms, farmers and scientists interested in robustly assessing the economic feasibility of AD projects and/or policymakers seeking to explore policy options for the industry.

AB - Deterministic approaches to analysing the economic feasibility of anaerobic digestion (AD) projects can lead to non-robust results. Stochastic approaches are inherently robust because they simultaneously explore multiple stochastic AD variables based on their probability distributions. However, few research papers on AD economics have used a stochastic approach in part due to the unavailability of tools for doing so. This paper presents a freely available stochastic AD economic assessment tool (SADEAT) to help private firms, farmers and scientists interested in robustly assessing the economic feasibility of AD projects and/or policymakers seeking to explore policy options for the industry.

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A Stochastic Anaerobic Digestion Economic Assessment Tool (SADEAT)

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Keywords

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