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Three essays on modeling biofuel fee...

Zhou, Wei.

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Three essays on modeling biofuel feedstock supply.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Three essays on modeling biofuel feedstock supply./
Author:	Zhou, Wei.
Description:	105 p.
Notes:	Source: Dissertation Abstracts International, Volume: 77-02(E), Section: A.
Contained By:	Dissertation Abstracts International77-02A(E).
Subject:	Agricultural economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3728781
ISBN:	9781339143583

Three essays on modeling biofuel feedstock supply.
Zhou, Wei.

Three essays on modeling biofuel feedstock supply. - 105 p.

Source: Dissertation Abstracts International, Volume: 77-02(E), Section: A.

Thesis (Ph.D.)--Iowa State University, 2015.

The general theme of this dissertation is modeling biofuel feedstock supply. All three essays focuses on different topics relating to the theme. The first essay considers supply of corn stover for a commercial production of a cellulosic ethanol plant. The economic trade-offs in determining the plant size under uncertain future corn stover yields and cellulosic ethanol prices are analyzed. We also estimate the impacts on optimal plant sizes under two payment schemes for corn stover procurement: plant pays for transportation cost and farmers pay for the transportation cost. My second essay analyzes the impact of ethanol mandates on corn prices. A rational expectations competitive storage model is built to capture the dynamic behavior of corn market and tradable permit market through which mandate is enforced. We use the model to estimate the impacts of alternative future ethanol mandate levels. Results indicate that future corn prices are about 6 percent lower with reduced mandates. The third paper presents a new model of agricultural supply which combines Positive Mathematical Programming (PMP) with the rational expectations storage model and compares methods in solving the combined model. We find that Smolyak collocation method performs better than Generalized Stochastic Simulation Algorithm considering computational time and accuracy in solving the multi-crop storage model.

ISBN: 9781339143583Subjects--Topical Terms:

3172150
Agricultural economics.

Three essays on modeling biofuel feedstock supply.
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020 $a 9781339143583
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100 1 $a Zhou, Wei. $3 1064868
245 1 0 $a Three essays on modeling biofuel feedstock supply.
300 $a 105 p.
500 $a Source: Dissertation Abstracts International, Volume: 77-02(E), Section: A.
500 $a Adviser: Bruce A. Babcock.
502 $a Thesis (Ph.D.)--Iowa State University, 2015.
520 $a The general theme of this dissertation is modeling biofuel feedstock supply. All three essays focuses on different topics relating to the theme. The first essay considers supply of corn stover for a commercial production of a cellulosic ethanol plant. The economic trade-offs in determining the plant size under uncertain future corn stover yields and cellulosic ethanol prices are analyzed. We also estimate the impacts on optimal plant sizes under two payment schemes for corn stover procurement: plant pays for transportation cost and farmers pay for the transportation cost. My second essay analyzes the impact of ethanol mandates on corn prices. A rational expectations competitive storage model is built to capture the dynamic behavior of corn market and tradable permit market through which mandate is enforced. We use the model to estimate the impacts of alternative future ethanol mandate levels. Results indicate that future corn prices are about 6 percent lower with reduced mandates. The third paper presents a new model of agricultural supply which combines Positive Mathematical Programming (PMP) with the rational expectations storage model and compares methods in solving the combined model. We find that Smolyak collocation method performs better than Generalized Stochastic Simulation Algorithm considering computational time and accuracy in solving the multi-crop storage model.
590 $a School code: 0097.
650 4 $a Agricultural economics. $3 3172150
650 4 $a Economic theory. $3 1556984
650 4 $a Alternative Energy. $3 1035473
690 $a 0503
690 $a 0511
690 $a 0363
710 2 $a Iowa State University. $b Economics. $3 1033976
773 0 $t Dissertation Abstracts International $g 77-02A(E).
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792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3728781