generation under consideration of risk. We include a reserve market, a day-ahead market and an intraday market in stochastic … modeling and develop a multi-stage stochastic Mixed Integer Linear Program. We assess the profitability as well as the risk … exposure, quantified by the conditional value at risk metric, of trading strategies following different risk preferences. We …

biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological … the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …