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A quantitative model of accelerated vehicle-retirement induced by subsidy

dc.contributor.authorLorentziadis, Panos L.
dc.contributor.authorVournas, Stylianos
dc.description.abstractA number of accelerated vehicle-retirement programs have been implemented by private companies and public agents to reduce pollution and promote environment friendly technology. Our paper examines subsidy programs for the acquisition of a new low-pollution vehicle, provided that an old technology unit is retired. A model is developed to determine the appropriate subsidy level that induces the replacement of a specified number of existing old technology units within a given time period. Alternatively, given the subsidy level, the model allows the determination of the required time period to achieve a desired replacement target. In this way, the proposed method could be used to assess the effectiveness of a subsidy-based policy of accelerated vehicle-retirement in reaching a targeted number of scraped vehicles within a specified time framework.en_UK
dc.relation.ispartofseriesEuropean Journal of Operational Research;Volume 211, Issue 3
dc.rights© 2011 Elsevier B.V.en_UK
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economicsen_UK
dc.subjectAccelerated vehicle retirement programen_UK
dc.subjectPolicy analysisen_UK
dc.titleA quantitative model of accelerated vehicle-retirement induced by subsidyen_UK

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© 2011 Elsevier B.V.
Except where otherwise noted, this item's license is described as © 2011 Elsevier B.V.