Cost-benefit analysis of biodiesel related policies: The assessment of applicability. A case study in new biodiesel policies in Indonesia

Until recently, biodiesel development in Indonesia is far from the target. The previous government policy cannot substantially increase its domestic consumption. Moreover, as the crude price oil decrease, the viability of biodiesel development is still questionable. This is due to the fact that biodiesel still remains uncompetitive since the...

The Simulation-based Multi-objective Evolutionary OptimizatioN (SIMEON) Framework

A powerful combination of simulation and optimization has been successfully applied to solve real-world decision making problems (Fu et al., 2000; Fu, Glover, & April, 2005). Unfortunately, there are scientific and application problems with this method. Firstly, there is no transparent and formal structure to define the integration between...