39,324 research outputs found
Fuzzy Real Investment Valuation Model for Giga-Investments, and a Note on Giga-Investment Lifecycle and Valuation
Very large industrial real investments are different from financial investments and from small real investments, even so, their profitability is commonly valued with the same methods. A definition of a group of very large industrial real investments is made, by requiring three common characteristics. The decision support needs arising from these characteristics are discussed and a summary of existing methods to value and to provide decision support for large industrial investments is presented. A model built specifically to support investment decisions of very large industrial real investments and a numerical application of the model are presented. The model is discussed and commented. A note is made on an observation regarding the giga-investment lifecycle and its effect on giga-investment valuation.Large industrial investments; Profitability analysis; Fuzzy corporate finance; Capital Budgeting
NEW ASPECTS REGARDING THE EVALUATION OF INVESTMENTS IN CRITICAL INFRASTRUCTURE
The additional risks associated to the actual global and contagious crisis put a severe pressure on the investments in critical infrastructure and there is a real need for new valuations especially those regarding the synergic financing strategies in critsynergic investments, critical infrastructure, real options valuation (ROV)
Uncertainty Analysis of the Adequacy Assessment Model of a Distributed Generation System
Due to the inherent aleatory uncertainties in renewable generators, the
reliability/adequacy assessments of distributed generation (DG) systems have
been particularly focused on the probabilistic modeling of random behaviors,
given sufficient informative data. However, another type of uncertainty
(epistemic uncertainty) must be accounted for in the modeling, due to
incomplete knowledge of the phenomena and imprecise evaluation of the related
characteristic parameters. In circumstances of few informative data, this type
of uncertainty calls for alternative methods of representation, propagation,
analysis and interpretation. In this study, we make a first attempt to
identify, model, and jointly propagate aleatory and epistemic uncertainties in
the context of DG systems modeling for adequacy assessment. Probability and
possibility distributions are used to model the aleatory and epistemic
uncertainties, respectively. Evidence theory is used to incorporate the two
uncertainties under a single framework. Based on the plausibility and belief
functions of evidence theory, the hybrid propagation approach is introduced. A
demonstration is given on a DG system adapted from the IEEE 34 nodes
distribution test feeder. Compared to the pure probabilistic approach, it is
shown that the hybrid propagation is capable of explicitly expressing the
imprecision in the knowledge on the DG parameters into the final adequacy
values assessed. It also effectively captures the growth of uncertainties with
higher DG penetration levels
A Manifesto for the Equifinality Thesis.
This essay discusses some of the issues involved in the identification and predictions of hydrological models given some calibration data. The reasons for the incompleteness of traditional calibration methods are discussed. The argument is made that the potential for multiple acceptable models as representations of hydrological and other environmental systems (the equifinality thesis) should be given more serious consideration than hitherto. It proposes some techniques for an extended GLUE methodology to make it more rigorous and outlines some of the research issues still to be resolved
The safety case and the lessons learned for the reliability and maintainability case
This paper examine the safety case and the lessons learned for the reliability and maintainability case
Liability Rules, Collective Organizations and the Provision of Food Safety
Food Consumption/Nutrition/Food Safety,
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