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The effect of supply and demand uncertainties on the optimal production and sales plans for new products
Negahban, A.; Smith, J. S. - In: International journal of production research 54 (2016) 13/14, pp. 3852-3869
Persistent link: https://www.econbiz.de/10011508397
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The Effects of Uncertainty Avoidance on Brand Performance : Marketing Creativity, Product Innovation and the Brand Duration
Giarratana, Marco S. - 2015
. In theory section, we propose that the level of cultural uncertainty avoidance embedded in a firm determine its marketing …
Persistent link: https://www.econbiz.de/10012707820
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Technical uncertainty and value of information with application to optimal Network component replacement
Schaeffler, Stephan; Schober, Dominik; Weber, Christoph - 2012
Optimal age replacement policies for network components such as cables, overhead lines or transformers are usually identified based on gathered knowledge about the state of a component and its stochastic deterioration process. In this context, uncertainty is an important challenge because...
Persistent link: https://www.econbiz.de/10010433658
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Mean-Variance Optimization of Power Generation Portfolios Under Uncertainty in the Merit Order
Weber, Christoph - 2011
available for serving system demand. While the classical peak load pricing theory derives the efficient portfolio structure from …‐variance portfolio (MVP) theory and analytically discuss possible solution cases and important optimality properties. We examine the …
Persistent link: https://www.econbiz.de/10013119677
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Group Representations for Decision Making under Risk and Uncertainty
Charles-Cadogan, G. - 2012
This paper extends decision making under risk and uncertainty to group theory via representations of invariant … behavioural space for prospect theory. First, we predict that canonical specifications for value functions, probability weighting … in decision theory. Moreover, representations include the special unitary group SU(2) and orthogonal group Θ …
Persistent link: https://www.econbiz.de/10013096459
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Critical Values for Almost Stochastic Dominance Based on Relative Risk Aversion
Post, Thierry - 2015
We derive critical values for the violation area in Nth order Almost Stochastic Dominance based on the Nth degree coefficient of relative risk aversion of reasonable utility functions. Our critical values are consistent with existing experimental estimates but apply for a broader range of choice...
Persistent link: https://www.econbiz.de/10013014682
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Extremes for Coherent Risk Measures
Asimit, Alexandru Vali - 2017
Various concepts appeared in the existing literature to evaluate the risk exposure of a financial or insurance firm/subsidiary/line of business due to the occurrence of some extreme scenarios. Many of those concepts, such as Marginal Expected Shortfall or Tail Conditional Expectation, are simply...
Persistent link: https://www.econbiz.de/10012968905
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Fighting Uncertainty with Uncertainty : A Baby Step
Kashyap, Ravi - 2017
We can overcome uncertainty with uncertainty. Using randomness in our choices and in what we control, and hence in the decision making process, could potentially offset the uncertainty inherent in the environment and yield better outcomes. The example we develop in greater detail is the...
Persistent link: https://www.econbiz.de/10012970297
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Generalized Marginal Risk
Keel, Simon - 2017
An important aspect of portfolio risk management is the analysis of the overall risk with respect to the assets' allocations. Marginal risk is the traditional tool, however, this metric is only meaningful when a position is levered or when the proceeds from the sale of a position are put in the...
Persistent link: https://www.econbiz.de/10012976785
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Risk Functionals With Convex Level Sets
Wang, Ruodu - 2020
We analyze the ``convex level sets" (CxLS) property of risk functionals, which is a necessary condition for the notions of elicitability, identifiability and backtestability, popular in the recent statistics and risk management literature. We put the CxLS property in the multi-dimensional...
Persistent link: https://www.econbiz.de/10012850765