Sustainable Energy Development

Master's Thesis
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Abstract

Recently, there has been significant political interest in developing sustainable energy in the United States. This paper first outlines the practical constraints and considerations in moving away from fossil fuels. Then, taking these constraints into account, we develop a basic model of energy production with varying levels of pollution in discrete time. We reduce the model to a system of integral equations. Under appropriate assumptions, the solutions to the equations are the optimal level of pollution and energy production in the economy. It is unknown, however, if these equations can be solved. Hence, we pose the problem in continuous time, which yields an analogous system of differential equations. The traditional approaches used to solve these equations have failed. Solving this equation is the next step towards developing rigorous models in mathematical finance.

Attributes

Attribute NameValues
URN
  • etd-07292010-090603

Author John M Holmes
Advisor Alex Himonas
Contributor Bei Hu, Committee Member
Contributor Alex Himonas, Committee Chair
Contributor Yongtao Zhang, Committee Member
Contributor Thomas Cosimano, Committee Co-Chair
Degree Level Master's Thesis
Degree Discipline Mathematics
Degree Name MSAM
Defense Date
  • 2010-05-14

Submission Date 2010-07-29
Country
  • United States of America

Subject
  • Sustainable Energy

  • Differential Equations

  • Finance

Publisher
  • University of Notre Dame

Language
  • English

Record Visibility and Access Public
Content License
  • All rights reserved

Departments and Units

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