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risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon … dioxide abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium … estimates obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in …
Persistent link: https://www.econbiz.de/10010307625
This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …
Persistent link: https://www.econbiz.de/10010309048
A very useful multi-objective technique is goal programming. There are many methodologies of goal programming such as weighted goal programming, min-max goal programming, and lexicographic goal programming. In this paper, weighted goal programming is reformulated as goal programming with...
Persistent link: https://www.econbiz.de/10011551793
In this manuscript, the reliability of a robotic system has been analyzed using the available data (containing vagueness, uncertainty, etc). Quantification of involved uncertainties is done through data fuzzification using triangular fuzzy numbers with known spreads as suggested by system...
Persistent link: https://www.econbiz.de/10011995847
Tolerancing conducted by design engineers to meet customers' needs is a prerequisite for producing highquality products. Engineers use handbooks to conduct tolerancing. While use of statistical methods for tolerancing is not something new, engineers often use known distributions, including the...
Persistent link: https://www.econbiz.de/10011773032
provided realistic estimations regarding the credit risk capital required. Finally, it is shown that the economic capital …
Persistent link: https://www.econbiz.de/10012662782
Recently a new simulation-based optimization benchmark of groundwater contaminant source localization problems has been introduced to the hydrogeological science community. Given information on contaminant concentration levels at each monitoring well and each time step, its objective is to...
Persistent link: https://www.econbiz.de/10012662812
In commodity transport networks such as natural gas, hydrogen and water networks, flows arise from nonlinear potential differences between the nodes, which can be represented by so-called potential-driven network models. When operators of these networks face increasing demand or the need to...
Persistent link: https://www.econbiz.de/10014497467
Persistent link: https://www.econbiz.de/10010271018
In den 90er Jahren wurden die Krankenkassenmärkte in einigen Ländern wettbewerblicher gestaltet. Eine einfache und nahe liegende Strategie, um in einem solchen Markt einen "solidarischen" Ausgleich der Krankheitslasten zu erzielen, sind Obergrenzen für Versicherungsbeiträge. Jedoch birgt...
Persistent link: https://www.econbiz.de/10010377599