In this paper we are concerned with modelling techniques for evaluating development and conservation opportunities when dealing with investment decisions involving environmental resources management. In this context, highly characterized by both environmental and economic uncertainty, we emphasize the importance of capturing the flexibility of different investment strategies. In particular, we ...

Using real options, we analyze the timing of implementing emission limits for a decaying pollutant when random environmental effects affect its stock. Two types of irreversibility are present: the first type results from long-term environmental damage, and the second from sunk costs in pollution abatement. We assume that social damage from pollution is a power function of the stock of pollutant...

an enterprise resource planning (erp) software is needed for industries and companies that want to develop in future. many of the manufactures and companies have a problem with erp software selection. an inappropriate selection process can affect both the implementation and the performance of the company significantly. although several models are proposed to solve this problem many of them did n...

A statistical estimation of source location incorporating uncertainty in ocean environmental model parameters is derived using a Bayesian approach. From a previous geoacoustic inversion, a posterior probability distribution of the environmental parameters that reflects uncertainty in the ocean environment is obtained. This geoacoustic uncertainty then is mapped into uncertainty in the acoustic ...

In this study, we consider the question of adoption of information security technologies at individual level as a problem of decision-making under uncertainty and analyse it using a behavioural economics approach. We highlight the importance of the security adoption question for individuals outside of the organizational setting. In our model, we assume that an individual faces two sources of un...

Past research found that environmental uncertainty leads people to behave differently depending on their childhood environment. For example, economic uncertainty leads people from poor childhoods to become more impulsive while leading people from wealthy childhoods to become less impulsive. Drawing on life history theory, we examine the psychological mechanism driving such diverging responses t...

Past research found that environmental uncertainty leads people to behave differently depending on their childhood environment. For example, economic uncertainty leads people from poor childhoods to become more impulsive while leading people from wealthy childhoods to become less impulsive. Drawing on life history theory, we examine the psychological mechanism driving such diverging responses t...

The field review group members that provide complete Program direction and their District or Division affiliations are Mr. This report was prepared to provide assistance to the U.S. Army Corps of Engineers (Corps) in beginning to assess risk and uncertainty in the evaluation of environmental investments. The literature review presented in this report was developed as an initial effort for the "...