We consider the problem where a modeller conducts sensitivity analysis of a model consisting of random input factors, a corresponding random output of interest, and a baseline probability measure. The modeller seeks to understand how the model (the distribution of the input factors as well as...

Energy required by remote village areas can be met quite reliably by hybrid energy technologies. The project under consideration is for electrifying a group of three villages in Kollegal block of Chamarajanagar district, Karnataka State in India using an off-grid hybrid renewable energy system....

Energy required by remote village areas can be met quite reliably by hybrid energy technologies. The project under consideration is for electrifying a group of three villages in Kollegal block of Chamarajanagar district, Karnataka State in India using an off-grid hybrid renewable energy system....

We present an evaluation of the main empirical approaches used in the literature to estimate the contribution of public capital stock to growth and private factors' productivity. Based on a simple stochastic general equilibrium model, built as to reproduce the main long-run relations observed in...

Managers wish to verify that a particular engineering design meets their require- ments. This design's future environment will differ from the environment assumed during the design. Therefore it is crucial to determine which variations in the envi- ronment may make this design unacceptable. The...

The paper aims at substantiating the market risk assessment of a bank's portfolio that is based on three main indicators, which are used to define exposure limits: – the 99%"Value at Risk" (VaR) method, – a stress-test measurement based on a timeframe shock-type indicator –...

This paper investigates the short-term robustness of production planning and control systems. This robustness is defined here as the systems ability to maintain short-term service probabilities (i.e., the probability that the fill rate remains within a prespecified range), in a variety of...