Considering that the amount of waste generated by an industrial enterprise is affected by many uncertain factors, such as the quality of raw materials and the state of equipment. The process is not deterministic, as assumed in most existing studies. In this paper, we propose a stochastic impulse control model to characterize the process of pollution control. The Quasi-Variational Inequality (QVI) method is implemented to solve the optimization problem. Our results show that the optimal control strategy for an industrial enterprise is to perform at a fixed intensity when the pollution reaches the threshold level. In addition, sensitivity analysis of parameters is implemented to illustrate the impact of higher growth rates and volatility on the optimal control strategy. The paper provides a decision basis for industrial enterprises to do pollution control efficiently.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.