In this work we frame within auction theory an index that allows to order different projects for the construction of onshore wind energy plants and that explicitly takes into account their environmental quality. Wind farm projects are defined as vectors of attributes, encompassed in four...

In this paper we consider Georgescu-Roegen's approach to uncertainty, showing that his characterization of expectations cannot be reduced to any probabilistic decision making model. Drawing upon Georgescu-Roegen lesson a lexicographical utility function is proposed and analyzed in the mark of...

In this paper, we build a realistic large-scale agent-based model of the Italian dayahead-electricity market based on a genetic algorithm and validated over several weeks of 2010, on the basis of exact historical data about supply, demand and network characteristics. A statistical analysis...

In this paper we apply the NEO-capacity framework to assess the role of ambiguity in a specific decision making problem. We first describe the framework and propose a graphical representation of the decision making functional. Then we apply it to a specific problem, namely, the role of ambiguity...