Since the introduction of the European CO2 emissions trading system (EU ETS), the development of CO2 allowance prices is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from emissions trading can be considered in the stochastic profit and...

Controller bieten dem Management interne Beratung und Unterstützung aus dem Blickwinkel finanzieller Handlungsmotive an (vgl. Kesten 2001, S.30 ff.). Dies trifft auch bei der Planung, Abwicklung und Kontrolle von Projekten zu. Der Beratungsfokus liegt dabei insbesondere auf Fragen zur...

This paper considers two problem classes that are important to researchers as well as practitioners, namely packing and project scheduling problems. First, the two problem categories are described. This includes a classification of packing problems as well as of project scheduling concepts....

Dieser Beitrag behandelt das Thema der urbanen Neubaugebiete aus zwei spezifischen Perspektiven: Zum einen geht es nicht primär um das Wohnen, sondern um Wissenschaft und Forschung als Rahmenthema der Stadterweiterung, insbesondere Hochschulstandorte und Wissenschaftsparks. Zum anderen geht es...

Plötzlich auftretende Störgrößen, wie auch dauerhaft bestehende Gefahren können das Management und den Erfolg von Projekten, aber insbesondere Programmen bedrohen. Besonders internationale Großprojekte, wie Nord Stream 2, die im Rahmen des Programmmanagements zu steuern sind, können neben...

The paper shows the ways of disclosing financial risks by IFRS 7 and certain types of sensitivity analysis. The different possibilities of preparing a sensitivity analysis, such as value at risk are illustrated and their suitability for reporting are faced critically. Following, the manner of...

In light of the recent financial crises in the emerging markets, the coming-into-force of the financial services agreement under the GATS has been considered a success. While the agreement provides for little new liberalization but rather formalizes the status quo, it was feared that governments...

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging decisions. Using a model of a risk-averse competitive firm under price uncertainty, it derives several fundamental results. If expected profits from forward contracts are zero, the...