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account for (i) damage uncertainty and (ii) the declining ability of the deep ocean to absorb atmospheric carbon. In the … change issue. We ask the question how the optimal mitigation of climate change evolves if intrinsic uncertainty about damage … is inherent to the model. In particular, we are interested in how the effect of uncertainty on climate change mitigation …
Persistent link: https://www.econbiz.de/10009429038
This thesis presents a methodology to incorporate reservoir uncertainties and estimate the loss in project value when facility planning decisions are based on erroneous estimates of input variables. We propose a tank model along with integrated asset development model to simulate the concept...
Persistent link: https://www.econbiz.de/10009429339
The uncertainty attendant to burden-of-illness estimates should be taken into account in comparing the public health …-specific burden-of-illness estimates. In situations wherein the magnitude of uncertainty varies, the rank order of pathogen … uncertainty in pathogen-specific foodborne-illness estimates, probabilistic risk assessment methods are used to characterize the …
Persistent link: https://www.econbiz.de/10009429504
effects of uncertainty influences decisions and outcomes,particularly when considering the decision-maker’s ability to manage … dichotomies), posed as a‘framework’ intended to assist leaders in dealing with uncertainty. Order, for example, istemporarily …
Persistent link: https://www.econbiz.de/10009429586
This paper examines the role of uncertainty and imperfect local knowledge in foreign direct investment. The main idea … comes from the literature on investment under uncertainty, such as Pindyck (1991) and Dixit and Pindyck (1994). We … economic regulations) as well as uncertainty and the risks due to imperfect local knowledge, determine the attractiveness of …
Persistent link: https://www.econbiz.de/10009430021
highway network that also incorporates tradeoff decisions involving uncertainty. Systemwide multiattribute utility functions … certainty, risk, or uncertainty, the software outputs match with the results of actual highway programming at least 85 percent …
Persistent link: https://www.econbiz.de/10009430725
Trust is a crucial basis for interactions among parties in large, open distributed systems. Yet, the scale and dynamism of such systems makeit infeasible for each party to have a direct basis for trusting another party. For this reason, the participants in an open systemmust share information...
Persistent link: https://www.econbiz.de/10009431217
variability and uncertainty of censored data sets is demonstrated. Empirical bootstrap simulation is used to simulate censored … censored data sets. Sampling distributions for uncertainty in statistics such as the mean, median and percentile are calculated … proportion of censored values in the emission factor data ranges from 4 to 80 percent. The largest range of uncertainty in the …
Persistent link: https://www.econbiz.de/10009431307
level of complexity driven by the data and explicitly considering uncertainty. Prior information is incorporated through the … candidates are implied from the data and are evaluated using cross validation and expert knowledge. Uncertainty introduced by …
Persistent link: https://www.econbiz.de/10009431830
neoclassical economic understanding of the relationship between uncertainty and profit. The theory is simply stated: tort law … uncertainty. Thus, the production theory resolves a classic, longstanding riddle of the common law—that is, why consequential …
Persistent link: https://www.econbiz.de/10009432050