In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in … - where risk is driven by a geometric Brownian motion and Knightian uncertainty is realized through a so-called "k … which Knightian uncertainty is modeled through a set of multiple priors, we prove existence and uniqueness of the optimal …

minimizes the cost of the supply chain while the second objective function minimizes CO2 emission. Conditional Value at Risk … (CVaR) approach is adapted to deal with demand uncertainty and the stochastic CO2 emission level. Finally, the model outputs …