Many developing nations are in transition from non-renewable to renewable energy in electricity generation. This research analyzes this type of changing investment environment for renewable energy projects such as wind farms and solar-thermal plants with the application of real options theory....

This article estimates the demand for mint-flavored gum products using grocery store sales data and accounting for consumers’ valuation of quality. Unobserved product attributes, such as flavor quality, are important elements to consider when estimating the demand for gum. The estimation...

Energy innovation plays an important role in the transition to a zero-carbon economy. Governments in IEA member countries are investing in the R&D, demonstration, and deployment of new energy technologies as part of their energy and climate policies. However, government subsidies for energy...

ResumenSIDIC es un sistema de inferencia difuso que considera valoraciones subjetivas, las cuales son aproximadas a valores precisos, esto es aplicado a variables económicas consideradas determinantes de la inflación y su aplicación muestra una nueva posibilidad para el análisis y...

Resumen Este documento evalúa el impacto de incluir acciones en el portafolio de reservas internacionales administrado por el banco central de Colombia (Banco de la República). El objetivo es realizar una propuesta de inversión con relación a las acciones que sea acorde a las políticas de...

Resumen Las áreas marinas protegidas son reconocidas en la actualidad como una alternativa de conservación de los ecosistemas marinos. Aunque la figura de protección reduce el área disponible para la actividad pesquera, se ha documentado que la misma puede convertirse en una fuente de...

In this paper we develop a framework to analyze stochastic dynamic optimization problems in discrete time. We obtain new results about the existence and uniqueness of solutions to the Bellman equation through a notion of Banach contractions that generalizes known results for Banach and local...

The integrated management of solid waste at the household level involves adequate collection logistics for recovery by waste collectors. The objective of this study was to optimize the route for access to waste at strategic points in the city of Manizales (Colombia), in addition to analyzing the...

Linking the statistic and the machine learning literature, we provide new general results on the convergence of stochastic approximation schemes and inexact Newton methods. Building on these results, we put forward a new optimization scheme that we call generalized inexact Newton method (GINM)....