Investment under uncertainty
Environmental Impact Assessment and Investment under Uncertainty: An Application to Power Grid Interconnection
... of investment under ...irreversible investment, whose value varies ...sequential investment problem, where an initial investment is required to get the option of ...
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Corporate investment under uncertainty and the neoclassical model
... In a world of uncertainty with a perfectly competitive capital market, the absolute amount of value-maximizing investment and output by the firm will be equal... The firm does not take e[r] ...
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Investment in oligopoly under uncertainty: The accordion effect
... Keywords: Investment, Real options, Oligopoly 1 Introduction The theory of investment under uncertainty, also known as real option theory, prescribes that uncertainty and ...
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Decision under Uncertainty: the Classical Models
... 1 Introduction This chapter is dedicated to classical decision models under uncertainty. Fol- lowing Knight (1921), the term risk is reserved to situations in which events have "ob jective" ...
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Prediction under Uncertainty on a Mature Field
... Sensitivity Analysis (GSA) are proposed and compared to perform the sensitivity analysis of the OF. The first one is based on the Morris method [2, 3] which is a screening method leading to qualitative results. The ...
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Bilateral E-Services Negotiation Under Uncertainty
... c. He may not be able to discern the values of his alternatives. 2.1. Example negotiation in uncertainty Suppose you have been offered new employment and it is time to negotiate your benefits, including your ...
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Consistent Price Systems under Model Uncertainty
... In the setting of model uncertainty, the market is defined with respect to a family P of (typically singular) probability measures. Each element is interpreted as a possible model and arbitrage is defined in a ...
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Investment under French RDPs: trends and changing context
... I. Investment and credit in the French Agriculture (recent trends) Remembering the Global context, according to the OECD-FAO Agricultural outlook 2009 The OECD in its Interim Economic Report for March 2009 ...
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Revealed Preference and Choice under Uncertainty
... 1 Introduction It is by now well-established that the choice behavior of an economic agent can be con- sidered more fundamental than the optimization of some objective. An agent’s choices can be observed directly and, ...
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Contracting for innovation under knightian uncertainty
... Choquet integral, it is by now well-understood how to solve this problem (e.g. [31, 33, 34, 35, 57]), and the solution to this problem involves only a quantitative determination. Thus, we need to focus only on solving ...
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Stochastic Independence under Knightian Uncertainty
... consequence under conditional invariance an agent’s preferences are no longer uniquely determined by his marginal beliefs, which we argue is essential for a useful definition of ...
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Adaptive Robust Control Under Model Uncertainty
... model uncertainty, starting with robust control method, and continuing with strong robust method, model free robust method, Bayesian adaptive control method, and adaptive control ...
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Foreign direct investment in North America under NAFTA
... Global corporations belonging to the three signatory nations use the main strategy of positioning themselves within rival trade blocs in order to benefit from trade preferences that stem from integration and increase ...
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Computational modeling under uncertainty: challenges and opportunities
... management under security and performance constraints, (4) to define methods allowing for the integration of bioinformatics and systems biology information with clinical observations on various length scales, and ...
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Multiobjective Multiproduct Batch Plant Design Under Uncertainty
... excessive investment cost or that on market share due to the varying demands on ...be uncertainty in a number of factors such as processing times, costs, demands, and not all the requirements placed by the ...
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Decision-making under uncertainty in drug development
... 5 Figure 3 Detailed vision of decision-making in drug development projects 3.3 Application case Many questions need to be answered to prove the safety, efficacy and quality of a molecule in order to obtain the ...
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Tactical project planning under uncertainty: fuzzy approach
... the creator of fuzzy logic and the so-called possibilistic approach, claims that probability theory and fuzzy logic are complementary rather than competitive and that possibility theory is the alternative to ...
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Decision-making under uncertainty in drug development
... sixth stages of Janis and Mann’s model: “taking account of any new informa- tion or expert judgment, even when the information does not support the initial choice of course of action and re-examining the positive and ...
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On Dynkin's model of economic equilibrium under uncertainty
... Financial support from grants NSF DMS−9705017, INTAS 97−1050, RFBR 00−01−00297, and the Santa Fe Institute (New Mexico, USA) is gratefully acknowledged. The authors are deeply thankful to E.B. Dynkin for his ...
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Forest assisted migration under uncertainty
... deep uncertainty results with the divergence of solutions for different climatic scenarios, we run the model with as many Worldviews as climate futures (K = L = ...
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