Showing 1 - 10 of 2,675
; Emissionshandel ; EU ETS ; Risiko ; stochastische Unternehmensplanung …
Persistent link: https://www.econbiz.de/10003943492
This teaching note provides step-by-step instruction for simulating the net present value and the internal rate of return of a five-year project. The uncertainty lie in the initial level of sales, sales growth rates, gross profit margins, operating expenses before depreciation, and the terminal...
Persistent link: https://www.econbiz.de/10013119912
Purpose – Logistic service providers (LSPs) are increasingly required to take over the ownership of network-specific inventories and to finance related working capital. The paper examines the nature of associated uncertainties, especially behavioural risks and illustrates the mechanisms of the...
Persistent link: https://www.econbiz.de/10013073143
We study how investments that require long-term financial commitments are affected by undiversifiable, uninsurable risk in the economic environment in the context of investor preferences characterized by decreasing absolute risk aversion and a desire for consumption smoothing. In our setting, if...
Persistent link: https://www.econbiz.de/10012840004
Several firms make business decisions based on risk specifications or estimates provided by domain-experts. But research on whether the format of risk specifications systematically affects decision making in multi-dimensional environments is scarce. Using laboratory experiments, we show that...
Persistent link: https://www.econbiz.de/10012968857
This article explores how the EPC contractor's risk of project delays related to the default of a key component supplier can be mitigated contractually. Only a limited number of the remedies that are regulated in standard construction contract forms are designed to support the EPC contractor's...
Persistent link: https://www.econbiz.de/10012983967
Persistent link: https://www.econbiz.de/10011860834
This paper deals with multi-period project portfolio selection problem. In this problem, the available budget is invested on the best portfolio of projects in each period such that the net profit is maximized. We also consider more realistic assumptions to cover wider range of applications than...
Persistent link: https://www.econbiz.de/10011887969
To manage their exposure arising from guarantees to infrastructure projects, governments need to adopt modern risk management techniques. The authors introduce an integrated risk management system that draws on recent advances in the private sector. Adapted for use in the public sector, the...
Persistent link: https://www.econbiz.de/10012556634
This study explores risk allocation in public-private partnerships for geothermal energy projects in Indonesia. We develop an evidence-based framework founded on principal-agency theorising that suggests an optimal allocation of risk between the parties in these arrangements. A Delphi survey...
Persistent link: https://www.econbiz.de/10013300762