Illustrating Environmental Issues by Using the Production-Possibility Frontier: A Classroom Experiment

Carson, N; Tsigaris, Panagiotis

doi:10.1080/00220485.2011.581940

Cited by 5 publications

(2 citation statements)

References 7 publications

(4 reference statements)

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“…The installation of additional wind turbines is currently not considered by the SML. A production possibility frontier (PPF) analysis was used to provide an analytical representation of choices and trade-offs among different decision criteria [59,60]. PPF represented the pareto optimal or non-dominated solutions where none of the decision criteria could be improved without negatively impacting another [60,61].…”

Section: Production Possibility Frontier Analysismentioning

confidence: 99%

Multi-Objective Decision-Making for an Island Microgrid in the Gulf of Maine

Ghasemi,

Wosnik,

Foster

et al. 2023

Sustainability

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Microgrid implementation often lacks economic and environmental efficiencies due to sub-optimal configuration and operation. The current study aims to explore the optimal configuration and operational strategies for a microgrid system with maximum life cycle economic and environmental co-benefits. This study was inspired by a real microgrid optimization need for Shoals Marine Laboratory, a seasonal marine teaching and research field station on Appledore Island, Maine. A system dynamic model was developed to simulate the microgrid operation, and a multi-criteria analysis was performed based on diesel electricity generation, equivalent annual costs, and carbon footprint under various system sizing and operation scenarios. This study found that an effective battery capacity of 120–165 kWh (400–550 kWh actual with 30% depth of discharge) and a solar capacity of 85–105 kW can effectively minimize all three objectives under an average daily demand of 265 kWh during the study period. Additionally, implementing an alternative system operation strategy can lead to a 12% reduction in diesel electricity generation.

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Section: Production Possibility Frontier Analysismentioning

confidence: 99%

Multi-Objective Decision-Making for an Island Microgrid in the Gulf of Maine

Ghasemi,

Wosnik,

Foster

et al. 2023

Sustainability

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“…The Pareto curve is derived from economics, also known as the production possibility boundary or the efficiency frontiers [44]. The point of the curve is that the tradeoffs of the two services can be visually reflected in graphs, but they do not reflect the quantitative relationship [45].…”

Section: Research Frameworkmentioning

confidence: 99%

Tradeoff between Hydropower and River Visual Landscape Services in Mountainous Areas

2019

Sustainability

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Water retention is one of the important services provided by ecosystems. Water retention is also the basis for multiple other services, such as hydropower development, river continuity, and biodiversity. However, there are clear tradeoffs among these services. Tradeoffs are already a hot topic in ecosystem services research, but the tradeoff between hydropower and river visual landscape services (RVLS) has not yet been investigated. In this study, we used the Integrated Valuation of Ecosystem Services and Trade-offs (InVEST) hydropower model for spatial mapping of watershed services. The proportion of the inflow of power stations to annual flow was proposed as the indicator for RVLS. Finally, based on an evaluation of historical hydropower development, different flow recovery scenarios were set up, and the tradeoff relationship between hydropower and landscape services was analyzed. The results showed that the tradeoff between the hydropower service and RVLS in mainstream displayed obvious spatial and temporal changes. With the development of hydropower, the increase of hydropower services caused a rapid decline in RVLS. The difference of two service scores fell from 1.0 in 1958 to 0.52 in 2015. The tradeoff intensity showed a turbulent decline downstream, which was closely related to the cascades’ development. The tradeoff was reversible. Through the flow scheduling of the reservoir group, the RVLS of each river section can be basically restored, while the hydropower service decline was only 29%.

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The economics instructor’s toolbox

Picault

2019

International Review of Economics Education

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Illustrating Environmental Issues by Using the Production-Possibility Frontier: A Classroom Experiment

Cited by 5 publications

References 7 publications

Multi-Objective Decision-Making for an Island Microgrid in the Gulf of Maine

Multi-Objective Decision-Making for an Island Microgrid in the Gulf of Maine

Tradeoff between Hydropower and River Visual Landscape Services in Mountainous Areas

The economics instructor’s toolbox

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