Ranking without valuing in the face of major uncertainty—The case of the promotion of biodegradable lubricants
http://dx.doi.org/10.1016/j.jenvman.2006.09.010
Abstract: Major goodness uncertainties preclude monetary quantification of whatever environmental amenities. Replacing petrified lubricants with biodegradable substitutes is shown to be a housing in point. However, it is doable to surpass the ethnic benefits of work petrified lubricants with affectionateness to assorted applications and environments. As the clannish costs and benefits of change are mainly constant, exclusive a contract that prioritizes flooded change in the applications with the large benefits crapper be efficient. It is shown that regulations requiring change in destined fields are probable to fulfil this criterion, patch subsidies for production, processing, mart launching and investigate commonly change to foregather the efficiency criterion.
by Stefan Mann; Agroscope FAT, Tänikon, CH-8356 Ettenhausen, Switzerland; Tel.: +41 52 3683238; fax: +41 52 3651190.
Journal of Environmental Management via Elsevier Science Direct www.ScienceDirect.com
Volume 85, Issue 1; October, 2007; Pages 198-203
http://dx.doi.org/10.1016/j.jenvman.2006.09.010