quadratic only affect dead-weight losses, unless there is multiplicative uncertainty; and (ii) asymmetries affect the optimal … rule under both additive and multiplicative uncertainty but result in interest rate paths observationally similar, and in …

quantifying the impact of uncertainty on further assume that these common factors affect volatility and economic activity with a …

planning under uncertainty and apply it to a stylised representation of the Great Britain (GB) network. In our model, a …, the costs of ignoring uncertainty, and the value of flexibility. Our results show that ignoring risk has quantifiable … economic consequences, and that considering uncertainty explicitly can yield decisions that have lower expected costs than …

times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …

the membrane reactor module design conforms also to basic inherent safety principles. Sources of irreducible uncertainty … uncertainty drivers on the project’s/plant’s value is elucidated using a Monte-Carlo simulation technique that enables the …