1000 resultados para solar investment


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Tesis (Maestría en Ciencias con Especialidad en Ingeniería Cerámica) U.A.N.L.

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Tesis (Maestro en Ciencias en Producción Agrícola) UANL, 2010.

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Tesis (Maestría en Ciencias con Orientación en Química Analítica Ambiental) UANL, 2010.

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Tesis (Maestría en Ciencias con Orientación en Procesos Sustentables) UANL, 2012.

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Tesis (Maestría en Ciencias con Orientación en Química Analítica Ambiental) UANL, 2011.

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Tesis (Maestría en Ciencias de la Ingeniería Mecánica con Especialidad en Materiales) UANL, 2013.

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Tesis (Maestría en Ingeniería Física Industrial) UANL, 2014.

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In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business before knowing the demand for his product. The unit profit of operation is known with certainty but there is no flexibility in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk neutral entrepreneur and, even more, that the risk averse one. We also show how marginal increases in risk reduce the optimal capacity of both the risk neutral and the risk averse entrepreneur, without any restriction on the concave utility function and with limited restrictions on the definition of a mean preserving spread. These general results are explained by the fact that the newsboy has a piecewise-linear, and concave, monetary payoff witha kink endogenously determined at the level of optimal capacity. Our results are compared with those in the two literatures on price uncertainty and demand uncertainty, and particularly, with the recent contributions of Eeckhoudt, Gollier and Schlesinger (1991, 1995).

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UANL