MOspace Institutional Repository (University of Missouri) · 2010 · 62 citations · 0 references
Open access
Natural ResourcesEconomicsNatural Resource EconomicsEnergy EconomicsEnvironmental EconomicsMicroeconomicsBiofuel ProductionCommodity Price DynamicsEconomic AnalysisEnergy Commodity MarketsMarine BiofuelsOil EconomicsAlgal Biofuel ProductionMicroalgal CultivationOil Production Economics
A Monte Carlo simulation model for a commercial-scale microalgae farm in the US desert Southwest was developed and used to compare costs of producing algal oil with two levels of technology. Ranges of input and output coefficients in the microalgae literature were used to simulate a farm using conventional wisdom regarding production and extraction. An alternative scenario was simulated using experimental data for an actual microalgae farm in the Southwest.