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for better traceability and bounding of uncertainty. Other findings regarding the use of a risk analysis early during …A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was … designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound …
Persistent link: https://www.econbiz.de/10009475961
steigern. Eine Divergenz im systemischen Risiko kann zu einer Divergenz im Versicherungsangebot führen. Eine öffentliche …­kosten als Hofertragsversicherungen. Letztere können aber, abhängig von den Selbstbeteiligungen, das Risiko der Landwirte stärker …
Persistent link: https://www.econbiz.de/10009429007
robustness, which deals with only a single guarantee across one uncertainty set. First, we show that our approach connects … closely to the theory of convex risk measures. We show that the complexity of this approach is equivalent to that of solving a … relaxing standard robustness with soft robustness yields a seemingly favorable risk-return trade-off: each case results in a …
Persistent link: https://www.econbiz.de/10009475403
-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …
Persistent link: https://www.econbiz.de/10009432546
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
certainty, risk, or uncertainty, the software outputs match with the results of actual highway programming at least 85 percent … physical highway assets or system usage only under certainty or risk, this research focuses on the management of an entire … highway network that also incorporates tradeoff decisions involving uncertainty. Systemwide multiattribute utility functions …
Persistent link: https://www.econbiz.de/10009430725
uncertainty did not significantly influence acquisition value, providing no support for Prospect Theory. However, greater … two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … theoretical comparisons are conducted. In the first, economic theory, behavioral theory (the Behavioral Theory of the Firm and …
Persistent link: https://www.econbiz.de/10009438770
Energy prices have exhibited significant volatility in recent years. For example, natural gas pricesranged from $4 to $15 per MM BTU's in calendar years 2005 through 2011. Future prices are uncertainbut are likely to retain a high level of volatility. This volatility complicates analysis of...
Persistent link: https://www.econbiz.de/10009464935