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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
In many real-life routing problems there is more uncertainty with respect to the required timing of the service than …
Persistent link: https://www.econbiz.de/10011079386
This paper revisits the important result of the real options approach to investment under uncertainty, which states … that increased uncertainty raises the value of waiting and thus decelerates investment.Typically in this literature … uncertainty.It is shown that this particularly happens when uncertainty is limited and project life is short. …
Persistent link: https://www.econbiz.de/10011092584
Abstract: A stylised fact of monetary policy making is that central banks do not immediately respond to new information but rather seem to prefer to wait until sufficient ‘evidence’ to warrant a change has accumulated. However, theoretical models of inflation targeting imply that an...
Persistent link: https://www.econbiz.de/10011092689
Abstract I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates...
Persistent link: https://www.econbiz.de/10011092719