Search results for "utility"
showing 10 items of 116 documents
Sustainability reporting and public value: Evidence from port authorities
2023
Due to the growing importance of Port Authorities (PAs) in pursuing economic, social, and environmental goals, scholars and policymakers should understand how these PAs can contribute to creating public value. By adopting the strategic triangle framework of public value, we studied how Italian PAs create public value by investigating their non-financial disclosures. For this purpose, we performed a cluster analysis and a lexical correspondence analysis on the textual content of the sustainability reports of eight Italian PAs. The study results allowed us to understand how PAs preserve and disseminate public value, obtain legitimacy and support from stakeholders, and build operational capaci…
A Perturbation Approach to Continuous-Time Portfolio Selection Under Stochastic Investment Opportunities
2013
This paper studies portfolio selection in continuous-time models with stochastic investment opportunities. We consider asset allocation problems where preferences are specified as power utility derived from terminal wealth as well as consumption-savings problems with recursive utility Epstein-Zin preferences. The paper approximates the associated dynamic programming problem by perturbing the coefficients of the stochastic dynamics. We represent the Hamilton-Jacobi-Bellman equation as a series of partial differential equations that can be solved iteratively in closed-form through computer algebra software, at any desired accuracy.
Climate Change, Uncertainty and Ethical Superstorms
2021
I argue that one of the most urgent tasks of geoethics is how to deal with climate change in a just and equitable way. At worst, our current path could lead to multi-metre sea-level rise, increases in storms and climate extremes, causing devastating social disruption and economic consequences. I present some alternatives on how to handle this alarming prospect, arguing that we cannot condense our decision-making on climate change into numerical calculations, but should instead make ethical judgements. The commonly used expected utility maximation can be considered a gamble on future generations’ expense for the benefit of the current ones. Thus, from a Rawlsian perspective, we will instead …
The quality of reporting methods and results of cost-effectiveness analyses in Spain: a methodological systematic review
2016
Open Access; Open Peer Review.-- et al.
A Generalization of the Mean-Variance Analysis
2008
In this paper we consider a decision maker whose utility function has a kink at the reference point with different functions below and above this reference point. We also suppose that the decision maker generally distorts the objective probabilities. First we show that the expected utility function of this decision maker can be approximated by a function of mean and partial moments of distribution. This "mean-partial moments" utility generalizes not only the mean-variance utility of Tobin and Markowitz, but also the mean-semivariance utility of Markowitz. Then, in the spirit of Arrow and Pratt, we derive an expression for a risk premium when risk is small. Our analysis shows that a decision…
Rubinstein-Taybi syndrome (CREBBP, EP300)
2011
1.2 OMIM# of the disease180849.1.3 Name of the analyzed genes or DNA/chromosome segmentsCREBBP, EP300 (E1A binding protein p300).1.4 OMIM# of the genes600140 (CREBBP), 602700 (EP300).1.5 Mutational spectrumMainly frameshift, nonsense, splice site and missense mutations. Lessfrequently large deletions (one or more exons) and rarely balancedinversions and translocations. Mutations are heterozygous, and mosaicmutations have been described. At present, more than 100 pathogenicmutations are known for the two genes together, but mutations inEP300 are much less common (only 11 so far).
Vertical take-off and landing air transport to provide tourist mobility.
2012
Abstract This paper examines helicopter transfer services to reach attractive and not very accessible tourist areas, taking Sicily and its minor islands, in the South of Italy, as a case study. We investigate the viability of helicopter scheduled services for tourists moving from/to airports or doing one day tours to visit far away places. The mode choice of tourists is simulated using random utility models employing stated preference data. Heli-shuttle service is planned in terms of fleet size, frequency, fare and location pattern of heliports. The paper also analyses how a public subsidy reducing fares might change the set of feasible connections.
Building a medical research cloud in the EASI-CLOUDS project
2015
Summary The demand for Information Technology (IT) resources is constantly growing in the scientific area. The ability to store and process increasing amounts of data has transformed many research disciplines like the life sciences, which now rely on complex data processing and data analytics. Cloud computing can provide researchers with scalable and easy-to-use hardware and software resources and allows on-demand access to services, tools, or even complete work environments. The European research project EASI-CLOUDS has developed a service delivery platform with special regard to service integration, monitoring and management, and the negotiation of service level agreements. In order to de…
MonPaaS: An Adaptive Monitoring Platformas a Service for Cloud Computing Infrastructures and Services
2015
This paper presents a novel monitoring architecture addressed to the cloud provider and the cloud consumers. This architecture offers a monitoring platform-as-a-Service to each cloud consumer that allows to customize the monitoring metrics. The cloud provider sees a complete overview of the infrastructure whereas the cloud consumer sees automatically her cloud resources and can define other resources or services to be monitored. This is accomplished by means of an adaptive distributed monitoring architecture automatically deployed in the cloud infrastructure. This architecture has been implemented and released under GPL license to the community as “MonPaaS”, open source software for integra…
Discrete Time Portfolio Selection with Lévy Processes
2007
This paper analyzes discrete time portfolio selection models with Lévy processes. We first implement portfolio models under the hypotheses the vector of log-returns follow or a multivariate Variance Gamma model or a Multivariate Normal Inverse Gaussian model or a Brownian Motion. In particular, we propose an ex-ante and an ex-post empirical comparisons by the point of view of different investors. Thus, we compare portfolio strategies considering different term structure scenarios and different distributional assumptions when unlimited short sales are allowed.