Search Results - subject:"stochasticity"

Integrating intermittent renewable wind generation: A stochastic multi-market electricity model for the European electricity market

Abrell, Jan; Kunz, Friedrich - 2013

In northern Europe wind energy has become a dominating renewable energy source due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators and cannot not be fully...

Persistent link: https://www.econbiz.de/10010312837

Towards Impact Functions for Stochastic Climate Change

Tol, Richard S.J.; Estrada, Francisco - Department of Economics, School of Business, Management … - 2013

stochasticity premium is larger than the risk premium. Stochasticity is more important for past impacts than for future impacts. …

Persistent link: https://www.econbiz.de/10010858707

Integrating Intermittent Renewable Wind Generation: A Stochastic Multi-Market Electricity Model for the European Electricity Market

Abrell, Jan; Kunz, Friedrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Persistent link: https://www.econbiz.de/10010659949

Analyzing Risk of Stock Collapse in a Fishery under Stochastic Profit Maximization

Poudel, Diwakar; Sandal, Leif K.; Kvamsdal, Sturla F. - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2012

In commercial fisheries, stock collapse is an intrinsic problem caused by overexploitation or due to pure stochasticity … exploitation policy as a feedback control rule and analyze the effects of stochasticity. We observe that the stochastic solution is … more conservative compared to the deterministic solution at low level of stochasticity. For moderate level of stochasticity …

Persistent link: https://www.econbiz.de/10011098219

Do Species Interactions and Stochasticity Matter to Optimal Management of Multispecies Fisheries?

Poudel, Diwakar; Sandal, Leif K.; Steinshamn, Stein I.; … - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2012

The multispecies fisheries management looks at a bigger picture in addressing the long-term consequences of present decisions. This implies an ecosystem management that includes a number of species and their physical, biological and economic interactions. These interactions make the growth of...

Persistent link: https://www.econbiz.de/10011098231

Iluze kauzality a nadměrná důvěra ve schopnost predikce (kvazi)áhodných finančních událostí

Houdek, Petr; Koblovský, Petr; Plaček, Jan; Smrčka, … - In: Acta oeconomica Pragensia : vědecký časopis Vysoke … 25 (2017) 1, pp. 51-63

Persistent link: https://www.econbiz.de/10011917714

Compound Markov counting processes and their applications to modeling infinitesimally over-dispersed systems

Bretó, Carles; Ionides, Edward L. - Departamento de Estadistica, Universidad Carlos III de … - 2011

We propose an infinitesimal dispersion index for Markov counting processes. We show that, under standard moment existence conditions, a process is infinitesimally (over-) equi-dispersed if, and only if, it is simple (compound), i.e. it increases in jumps of one (or more) unit(s), even though...

Persistent link: https://www.econbiz.de/10009149967

Investigating the impact of customer stochasticity on firm price discrimination strategies using a new Bayesian mixture scale heterogeneity model

Pancras, Joseph; Wang, Xia; Dey, Dipak - In: Marketing letters : a journal of research in marketing 27 (2016) 3, pp. 537-552

Persistent link: https://www.econbiz.de/10011537280

Increasing workload in a stochastic environment

Weinschenk, Philipp - 2010

We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed.

Persistent link: https://www.econbiz.de/10010286703

Increasing Workload in a Stochastic Environment

Weinschenk, Philipp - Max-Planck-Institut zur Erforschung von … - 2010

Persistent link: https://www.econbiz.de/10008693529