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

Title: MPC-DICE: An open-source Matlab implementation of receding horizon solutions to DICE *
Creator: Faulwasser, Timm; Kellett, Christopher M.; Weller, Steven R.
Relation: 1st IFAC Workshop on Integrated Assessment Modelling for Environmental Systems IAMES 2018. Proceedings of the 1st IFAC Workshop on Integrated Assessment Modelling for Environmental Systems IAMES 2018, Volume 51, Issue 5 (Brescia, Italy 10-11 May, 2018) p. 120-125
Relation: ARC.DP180103026 http://purl.org/au-research/grants/arc/DP180103026
Publisher Link: http://dx.doi.org/10.1016/j.ifacol.2018.06.221
Publisher: Elsevier
Resource Type: conference paper
Date: 2018
Description: 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.
Subject: optimal control; modelling and control of enviromental systems; economic and business systems; computer software; SDG 8; Sustainable Development Goals
Identifier: http://hdl.handle.net/1959.13/1448040
Identifier: uon:43295
Identifier: ISSN:2405-8963
Language: eng
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