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 | |
| Publication status | Published - 2018 |
Bibliographical 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.Keywords
- Anaerobic digestion
- Decision support
- Economics
- Stochastic