Assessing contaminated land cleanup costs and strategies

DOI10.1016/J.APM.2016.10.015MaRDI QIDQ2284568zbMATHOpenAlexFDO

Authors Pauline Barrieu, Nadine Bellamy, Bernard Sinclair-Desgagne

Publication date 15 January 2020

Published in Applied Mathematical Modelling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.apm.2016.10.015

zbMATH Keywords

brownfieldscontaminated siteshitting-time modelsreal-options theoryregulatory cost estimatesremediation management

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Mathematical modeling or simulation for problems pertaining to game theory, economics, and finance (91-10) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Applications of stochastic analysis (to PDEs, etc.) (60H30)

Recommendations

• The economics of site investigation for groundwater protection: Sequential decision making under uncertainty
• Information asymmetries, uncertainties, and cleanup delays at superfund sites
• Liability funding and superfund clean-up remedies
• FLEXIBLE TECHNOLOGY AND THE COST OF IMPROVING GROUNDWATER QUALITY
• The importance of site-specific information in the design of policies to control pollution

Cites work

• CLOSED FORM FORMULAS FOR EXOTIC OPTIONS AND THEIR LIFETIME DISTRIBUTION
• Coherent measures of risk
• Robustness of the Black and Scholes Formula

Cited in

(2)

• Topological classification of radioactive contamination
• Multiple decision-making criteria in the transport and burial of hazardous and radioactive wastes

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