Center for Analysis and Design of Intelligent Agents

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• Fixed variables that depend on the Industry
  • Fixed Costs (kr ? $)
  • Revenues per unit (kr ? $)
  • Cost of inputs per unit (kr ? $)
  • Carbon released per unit (g ?)usually used 1000 tonn units.

• Module independent fixed variables
  • Production capacity (Units) What is the definition if Unit?
  • Nr of units sold /Not carbon (Number) Assume everything gets sold.

• Global variable (in the beginning)
  • Cost of Carbon (kr ? $) (€22-25 pr tonn CO2eq. on the europian market(2700-3000 isk))http://www.europeanclimateexchange.com/default_flash.asp

• Orginal equations
  • Profit = (Revenues per unit - Cost per unit) * Nr of units sold - Fixed costs (kr ? $)
  • Cost per unit = Cost of inputs per unit + Carbon release per unit * Cost of Carbon (kr ? $)

• Other equations
  • Cost of Carbon = (Cost of Carbon * Carbon units owned + Cost of bought Carbon * unit bought)/(Carbon units owned + units bought)
  • Max Units Produced with owned Carbon = owned Carbon / Carbon released per unit
  • Max Carbon usage = Carbon release per unit * Production capacity
  • Nr of units sold = min(Max Units Produced with owned Carbon , Production capacity, demand)

• Buy/Sell
  • If (Max Carbon usage > Owned carbon) Buy difference (Units)
  • If (Max Carbon usage < Owned carbon) Sell difference (Units)
  • If (Carbon release per unit * Cost of Carbon > Revenues per unit - Cost per unit) Sell
    • Pays better off to sell the quota than to produse units.

• Carbon release by sectors in Iceland 2004 (Does not include international transportation).http://www.ust.is/Mengunarvarnir/Hnattraenmengun/Grodurhusaahrifin/Utstreymisbokhald/
  • Fish = 841
  • Road = 667
  • Air/boat = 43
  • Heavy = 1309
  • Agriculture = 500

Units 1000 tons of CO2 equivalent values.

• Definition of units by sectors
  • Fish = Tons (of fish!)
  • Road = ??number of cars??
  • Air = ??number of seats??
  • Heavy = Tons of production
  • Agriculture = Tons of produced things.

• Revenues per unit by sectors (Use some kind of logarithmic function.)
  • Fish = ?
  • Road = ?
  • Air = ?
  • Heavy = ?
  • Agriculture = the revenue in 2003 was ca 248162 kr per tonn (Estimated from table 8.11 in “framleiðsla búvara” and 12,5 in “rekstrar og efnahagsyfirlit” on hag.is)

• Fixed Costs ( for the profit calculations) ??How can we find this??
  • Fish = ?
  • Road = ?
  • Air = ?
  • Heavy = ?
  • Agriculture = ? (Have only found numbers about cattle and sheep production)

• Inputcost per unit ( for the profit calculations)
  • Fish = ? = ??????/1885989 tons = ???? Operational cost/production http://www.fiskistofa.is/get_page.php?page=63
  • Road = ?
  • Air = ?
  • Heavy = ?
  • Agriculture = 22393700000 kr/ 178589 tons = 125392 Operational cost/production

• Carbon release per unit ( Calculate this when we have found the units!!)
  • Fish = ? 841000/1885989 = 0,45
  • Road = ?
  • Air = ?
  • Heavy = ? 400000/250000 = 1,6

http://www.skipulag.is/focal/webguard.nsf/5ed2a07393fec5fa002569b300397c5a/294dca95579c75e80025736b003269a0/$FILE/Matssk%C3%BDrsla_2007-08-31_low%20res.pdf

• Agriculture = 500000/178589 = 2,8 ( The estimated total amount calculated from table 8.11 in “framleiðsla búvara” on hag.is)

http://www.landbunadur.is/landbunadur/wgbi.nsf/Attachment/Hagtölur2007-vefur/$file/Hagtölur2007-vefur.pdf

http://hag.is/hagskyrslugerd.asp