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Irreversible investments with largest outlay made with incomplete information are the mainstay of the oilfield development. Real Options Analysis (ROA) is a useful tool for making investment decisions under market uncertainty. Normal information generates continuous mean-reverting process for oil prices, whereas random abnormal information generates discrete jumps of random size. We evaluate an oilfield...
Lose aversion refers to the psychological phenomenal that losses and disadvantages have greater impact on preferences than gains and advantages. While to a considerable extent, risk aversion as it is commonly observed is caused by loss aversion. This paper integrates Markowitz's efficient frontier theory into lose aversion function, and the portfolio decision of lose averse investors has been discussed...
Optimization method with triangular fuzzy numbers is introduced to describe the expected yield rate and risk loss of securities investment, and a combinational fuzzy optimization model of inclinations with exchange fee to avoid risks is presented in this paper. The experimental results on the data investigated from real-world securities markets show that our new method exploits a new strategy for...
Recent years have witnessed an obvious increase in cooperation between the public and private sectors for the development and operation of infrastructure for a wide range of economic activities. Public-private partnership (PPP) provides an alternative way of involving the private sector in the delivery of public services. PPP is not only a financing pattern in the area of government investment, but...
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