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This paper examines the interaction of globalization through trade liberalization and climate change, globally with a special focus on Morocco and Turkey. We use the GTAP model, which is a global general equilibrium model, to investigate trade liberalizat
Persistent link: https://www.econbiz.de/10011076167
-enabled MCMC method is used to reduce prior estimates of uncertainty in structural or characteristic hydrothermal flow parameters …
Persistent link: https://www.econbiz.de/10011076433
The argument that uncertainty about monetary and fiscal policy has been holding back the recovery in the U.S. during …-varying policy risk. The “pure uncertainty” effect of this policy risk is unlikely to play a major role in business cycle …
Persistent link: https://www.econbiz.de/10011076659
There has been significant interest in the single period newsvendor problem where, besides determining the order size, the decision maker has to set the selling price. The model is applicable when demand for the product is a stochastic function of the selling price. Although there have been...
Persistent link: https://www.econbiz.de/10011076746
taking into account the spare part supply lead-time. Next, we model the spare part demand uncertainty as a non … equipment delivery decisions under spare part demand uncertainty. …
Persistent link: https://www.econbiz.de/10011076747
rescheduling of the project portfolio. The uncertainty of pharmaceutical R&D cost estimates in drug development stages is captured …
Persistent link: https://www.econbiz.de/10011076754
spatial distributions of conservation costs and benefits. Climate change creates unprecedented uncertainty about future land …. This paper contributes to the literature on the economics of conservation in the face of climate change uncertainty. It … less uncertainty. It explores the implications for portfolio recommendations of variation in the correlations between …
Persistent link: https://www.econbiz.de/10011076790
natural gas prices, highlighting the important role of uncertainty quantification in future research. The paper also …
Persistent link: https://www.econbiz.de/10011077003
optimization, which takes explicitly into account the uncertainty embedded in available information. It allows to estimate jointly …
Persistent link: https://www.econbiz.de/10011077144
In this study, a multistage stochastic inexact chance-constraint programming (MSICCP) model is developed for power supply management under uncertainties. In the MSICCP model, methods of multistage stochastic programming (MSP), interval-parameter programming (IPP), and chance-constraint...
Persistent link: https://www.econbiz.de/10011077264