Interim Report IR - 04 - 077 Investment under Multiple Uncertainties : The Case of Future Pulp and Paper Mills
نویسنده
چکیده
In this paper we seek to enhance decision making of investments under multiple uncertainties. We assess optimal commitment strategies for future reference of pulp and paper mills given stochastically correlated processes of one input and two output prices. The price processes are consistent with shadow price trajectories of a large scale global energy model. For the detailed engineering model, we developed a frugal forward stochastic optimization procedure to derive optimal commitment strategies.
منابع مشابه
مدیریت ریسک سرمایهگذاری استراتژیک در تولید با روش برنامهی ریاضی با قیود تعادلی تصادفی
This paper presents a methodology to assist a strategic producer in making informed decisions on generation investment in power market environment. This producer, facing a number of uncertainties which affect its expected profit, endeavors to maximize its profit and at the same time manages the risk of these uncertainties. In order to present the strategic behavior of the producer, supply funct...
متن کاملValuing flexibility in demand-side response: A real options approach
The investment interests in the electricity industry are transmitted through various mechanisms to other economic activities. This paper considers methods for esteeming the adaptability of demand-side response (DSR) in its capacity to react to future uncertainties. The capacity to evaluate this adaptability is particularly critical for vitality frameworks speculations given their extensive and ...
متن کاملMultiple Hypercementosis: Report of a Rare Presentation
Abstract Hypercementosis is identified by an excessive, non-neoplastic deposition of radicular cementum and is mostly presented as a solitary lesion or in rare cases as a multiple type. It usually occurs in the premolar and molar region of mandible with no sex predilection. In this paper, we reported a 57-year-old female patient with multiple radiopaque lesions affecting right maxillary second...
متن کاملEconomic Appraisal of Investment Projects in Solar Energy under Uncertainty via Fuzzy Real Option Approach (Case Study: a 2-MW Photovoltaic Plant in South of Isfahan, Iran)
Investment in renewable energies especially solar energies is encountered with numerous uncertainties considering the increased dynamism in economic and financial conditions and makes investment in this field irreversible to a large extent, paying attention to modern methods of economic appraisal of such investments is highly important. A framework is provided in the current study in order to e...
متن کاملVital pulp therapy with two different calcium-silicate cements: two cases report
It is a worthy aim to preserve the pulp vitality in teeth with immature root in order to continue the root's maturation. Traumatic injuries and caries are two main reasons for pulp exposure in immature teeth. This article describes two vital pulp therapies on two patients, a nine-year-old boy with traumatized central tooth and a 10-year-old boy with caries exposure in a premolar tooth. Both tee...
متن کامل