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On account of the current global warming, climate researchers warn of a possible increase in the frequency and magnitude of extreme weather conditions in the future. As an alpine canton, the Grisons are particularly exposed to such events. In the article, ...
The key to extending the service life of a historical masonry bridge is an accurate examination of its actual performance. This paper presents a risk-based safety approach which introduces a risk matrix illustrating the risk presented by a structure as a f ...
This thesis describes the development of three conceptual models built to serve as decision support tools in liberalised electricity markets. The introduction of competition, higher uncertainty and decentralised planning requires new planning and analysis ...
We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in a replicated, structured way. Inferences are generally confounded by the sub ...
In the standard real options approach to investment under uncertainty, agents formulate optimal policies under the assumptions of risk neutrality or perfect capital markets. However, in most situations, corporate executives face incomplete markets either b ...
To be able to take effective and efficient decisions leading to transparent and comparable results between different risk situations, a consistent and systematic risk management process has to be followed (in this context called “integral risk management”) ...
This paper presents a methodology for increasing the reliability of route suggestions in route guidance systems. The procedure, based on the A* path-finding algorithm and Chen's link penalty method, involves penalizing links with a high risk of being conge ...
The acknowledged importance of uncertainty in economic decision making has stimulated the search for neural signals that could influence learning and inform decision mechanisms. Current views distinguish two forms of uncertainty, namely risk and ambiguity, ...
IRGC defines risk governance deficits as deficiencies (where elements are lacking) or failures (where actions are not taken or prove unsuccessful) in risk governance structures and processes. They hinder a fair and efficient risk governance process. The de ...
At low flow rate operation, Francis turbines feature a cavitating vortex rope in the draft tube resulting from the swirling flow of the runner outlet. The unsteady pressure field related to the precession of the vortex rope induces plane wave propagating i ...
