Showing 1 - 10 of 4,627
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
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
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
rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date …
Persistent link: https://www.econbiz.de/10009437596
There is increasing agreement that understanding complexity is important for project management because of difficulties associated with decision-making and goal attainment which appear to stem from complexity. However the current operational definitions of complex projects, based upon size and...
Persistent link: https://www.econbiz.de/10009437938
Statistical Activity Cost Theory (SACT) is an axiomatic and statistical theory of basic accounting measurement practice. The aim of the SACT analysis, among others, is to determine the statistical nature of both the physical production system of an accounting entity and its related costs, which...
Persistent link: https://www.econbiz.de/10009437995
This article presents a survey of authorisation models and considers their ‘fitness-for-purpose’ in facilitating information sharing. Network-supported information sharing is an important technical capability that underpins collaboration in support of dynamic and unpredictable activities...
Persistent link: https://www.econbiz.de/10009438192
Generally speaking, psychologists have suggested three traditional views of how people cope with uncertainty. They are … uncertainty, such as the recent global financial crisis, these coping methods often result in innovation in industry. Richards … analysis, reveals that coping with uncertainty manifests itself in ways that have resulted in innovations in design, marketing …
Persistent link: https://www.econbiz.de/10009438245
investment by removing or mitigating risks in an environment of fundamental uncertainty. Industrial policies tackle different …
Persistent link: https://www.econbiz.de/10015189288