Back to Search
Start Over
A stochastic approach for sustainability analysis under the green economics paradigm.
- Source :
-
Stochastic Environmental Research & Risk Assessment . Oct2014, Vol. 28 Issue 7, p1743-1753. 11p. - Publication Year :
- 2014
-
Abstract
- Sustainability is an increasingly important factor in today's globally competitive environment. How sustainability features are prioritized in terms of relevance and significance is a function of many factors, including variations in types of business, operational conditions, history and other characteristics particular to a company. The purpose of this paper is to propose a stochastic model that explicitly addresses the potential barriers and enablers to sustainability in order to measure and assess the sustainability level of a company. Given that the potential barriers and enablers to sustainability are context dependent, the stochastic model developed in this paper assumes that a variable characterization of sustainability functions can describe a realistic analytical model for a company's sustainability behavior. By adopting the strong sustainability perspective, a case scenario is used to demonstrate the application of the proposed model in a major Canadian electric utility. By providing relatively simple and informative measurement, the proposed sustainability model can be used as a practical and effective tool to assess the sustainability level of any company under consideration and to evaluate sustainability fluctuation of the company over time. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 14363240
- Volume :
- 28
- Issue :
- 7
- Database :
- Academic Search Index
- Journal :
- Stochastic Environmental Research & Risk Assessment
- Publication Type :
- Academic Journal
- Accession number :
- 97903943
- Full Text :
- https://doi.org/10.1007/s00477-013-0836-5