Investicijų į atsinaujinančių išteklių energetiką rizikos vertinimas

Rudzkis, Paulius

doi:10.20334/2283-m

Cited by 1 publication

(1 citation statement)

References 91 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The topics of risk, uncertainty and information have been always crucial in economics (Knight 1921;Hirshleifer, Riley 1992;Ching, Colombo 2014;Iglesias-Casal et al 2016;Chen et al 2017). There is no field in economics in which risk is not an important dimension of the decision-making environment (Gollier 2001;Taleb 2010;Chen, Zhang 2014;Rudzkis 2014;Jankauskas et al 2014;Zeng et al 2017). There is a small amount of decisions that can be taken in the situation of complete certainty.…”

Section: Introductionmentioning

confidence: 99%

Reliability as Main Factor for Future Value Creation

Rutkauskas¹,

Stasytytė²,

Rutkauskas³

2017

Proceedings of 5th International Scientific Conference Contemporary Issues in Business, Management and Education ‘2017

View full text Add to dashboard Cite

The main objective of the paper is to present the solution to the problem of possibilities’ reliability management, which is an important problem of uncertainty (risk) economics. Also, the paper aims to propose adequate methods of stochastic optimization and reveal their broad implementation possibilities. Along with that, the concept of utility function is being disclosed, when we take into account not only the possibilities of prices and costs, but also their reliability, in order to achieve the highest value added in this process. The original methods of stochastic optimization are used, while searching for the optimal allocation of invested capital among the investment assets. Adequate investment portfolio is treated as theoretically sound and practically effective instrument for investment decision-making in capital and currency markets, as well as for other problems related with optimal resource allocation. The adequate portfolio supplements the modern portfolio by adding the third portfolio parameter – the reliability of return. Also, the utility function based on return, reliability and risk is used to find the optimal investment possibility for particular investor. The formed portfolio solutions were tested in the markets of NYSE, UK and France.

show abstract