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retailer to capture more sales and profit. Less obvious, however, is how the uncertainty of the customer's needs for after … Production Economics 127 (1), 136–146) work, in this paper we explore the effect of uncertainty on after-sales service decisions … by comparing several information structures in a two-stage supply chain. The model presented in this paper demonstrates …
Persistent link: https://www.econbiz.de/10010665781
objectives, in addition to the economic ones, in the models. In non-deterministic models uncertainty mainly in the demand, supply … and uncertainty in this supply chain, mainly due to the nature of material, economic condition and market fluctuation … stochastic mathematical models to optimize forest biomass supply chains for electricity, heat and biofuels production …
Persistent link: https://www.econbiz.de/10010665984
carbon emission trading (CET) under dual uncertainties. FIMP has advantages in uncertainty reflection and policy analysis …
Persistent link: https://www.econbiz.de/10010666002
This paper investigates tax competition under uncertainty, when local governments levy a linear source-based tax on …
Persistent link: https://www.econbiz.de/10010666094
of fundamental uncertainty. The historical origins of both are briefly considered. It is argued that fundamental … uncertainty in the Knight-Keynes sense has been marginalised in modern economics and this creates problems for the theory of money …
Persistent link: https://www.econbiz.de/10010666150
Electricity networks currently face massive investment requirements. This paper argues that, given the investment requirements, (international) benchmarking is not an adequate tool for the regulation of transmission system operators (TSO). Errors in the outcomes of benchmarking will likely...
Persistent link: https://www.econbiz.de/10010615136
account the destitution of individuals from future shocks. We use the framework of decision making under uncertainty to arrive …
Persistent link: https://www.econbiz.de/10010615412
Uncertainty varies strongly over time, rising by 50% to 100% in recessions and by up to 200% after major economic and … political shocks. This paper shows that higher uncertainty reduces the responsiveness of R&D to changes in business conditions … - a "caution-effect" - making it more persistent over time. Thus, uncertainty will play a critical role in shaping the …
Persistent link: https://www.econbiz.de/10010616079
availability of initial information. The decision maker may not possess all the information or possess insufficiently precise … information about external environmental conditions and their changes in the future. Such a situation is often observed in the … allows the use of deterministic methods and models, in the risk situation different probabilistic methods are used, while the …
Persistent link: https://www.econbiz.de/10010616210
generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …
Persistent link: https://www.econbiz.de/10010616513