In der heutigen Theorie der Optionsbewertung wird davon ausgegangen, daß die Markterwartungen genau berechenbar sind. Die Unsicherheit besteht lediglich darin, welcher Aktienkurs sich letztlich realisiert, die Eintrittswahrscheinlichkeiten sind bekannt. Dabei treten jedoch erhebliche Probleme...

In this paper is carry out an analysis of affinities in the perception on how to leave the crisis behind. For that we have considered the opinion of experts belonging to the politics, the economy, the company and the banking in order to gather those opinions and to look for likeness and...

In the growing electricity supply industry and open access market for electricity worldwide, renewable sources are getting added into the grid system. This affects the grid power quality. To assess the impact on grid due to wind energy integration, the knowledge of electrical characteristic of...

This Discussion Paper analyzes the implementation of underground networks and their impacts on the energy and telecommunications sectors, through the main benefits, lessons learned regarding international benchmarking and an economic-financial analysis. The implementation of underground...

The recent ban on conventional incandescent lamps for residential use led Brazilian consumers to choose from three main lighting technologies: incandescent halogen, CFL (Compact Fluorescent Lamp), and LED (Light Emitting Diode). Despite the fact that their electrical performances are well known,...

This paper proposes a reduced 2nd, 3rd, 5th and 7th harmonic current of all power supply units and ac drives which effects of heating neutral cables and transformer. The commercial or automation building require the operation of many parallel-connected switch mode power supply and ac drive on...

We study single period asset allocation problems of the investor who maximizes the expected utility with respect to non-additive beliefs. The non-additive beliefs of the investor model the presence of an uncertainty and they are assumed to be consistent with the Maxmin expected utility theory of...

The question we address is how robust solutions react to changes in the uncertainty set. We prove the location of robust solutions with respect to the magnitude of a possible decrease in uncertainty, namely when the uncertainty set shrinks, and convergence of the sequence of robust solutions. In...

The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...

In this paper we present a reformulation of a lemma due to Lippman and McCall - initially formulated a unique random variable - to be applied to the case of several random variables, and we illustrate its use in the theory of the firm under uncertainty. We have performed this on a recent model...