Name
Abstract | ||
|---|---|---|
•We develop a theory of resource dependency due to risk aversion.•For application, we propose a novel stochastic decomposition methodology.•We show that resource dependency significantly impacts optimal investment decisions.•Uncertainty and risk aversion are sufficient conditions for resource dependency.•Analysis of resource dependent investment is important for policy and decision-support. |
Year | DOI | Venue |
|---|---|---|
2016 | 10.1016/j.ejor.2015.10.037 | European Journal of Operational Research |
Keywords | Field | DocType |
Decision support,Resource dependency,Stochastic programming,OR in energy | Mathematical optimization,Economics,Leverage (finance),Resource productivity,Microeconomics,Debt,Risk aversion,Investment decisions,Stochastic programming,Valuation (finance),Operations management,Returns to scale | Journal |
Volume | Issue | ISSN |
250 | 3 | 0377-2217 |
Citations | PageRank | References |
3 | 0.40 | 9 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Janne Kettunen | 1 | 5 | 1.44 |
| Derek W. Bunn | 2 | 179 | 23.68 |