Prices of contracts with risky aspects are typically linked to specific uncertainties and probabilities of adverse scenarios. Insurance companies carry the risk of losses in exchange for a premium, which depends on the loss distribution. Another example where risk is exchanged for a fixed price...

This paper proposes two stochastic programming models for master production scheduling with capacity-load factor scenarios. In contrast to other work on production planning with load-dependent lead times or dynamic capacity loads, we iteratively build a set of realistic capacity-load factor...

This paper proposes two stochastic programming models for master production scheduling with capacity-load factor scenarios. In contrast to other work on production planning with load-dependent lead times or dynamic capacity loads, we iteratively build a set of realistic capacity-load factor...

We propose the first speculative weather-based algorithmic trading strategy on a continuous intraday power market. The strategy uses neither production assets nor power demand and generates profits purely based on superior information about aggregate output of weather-dependent renewable...