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This paper presents a comparative study between two groups from different cultural contexts, Sweden and Brazil, when choosing among risky prospects. The study explores whether there are differences in choice behaviours when the uncertainty in the prospects is expressed as interval estimates instead of the traditional use of point estimates, as well as when(More)
The purpose of this study is to evaluate the efficiency indices for 60 Brazilian electricity distribution utilities. These scores are obtained by DEA Data Envelopment Analysis and Bayesian Stochastic Frontier Analysis models, two techniques that can reduce the information asymmetry and improve the regulator’s skill to compare the performance of the(More)
This paper describes a design and detailed analysis of a grid connected solar PV system for the Ahsanullah University of Science and Technology (AUST) campus. Various design considerations are discussed including the factors and parameters with limited data and information resources available for Bangladesh. Cost analysis reveals that the proposed design is(More)
Governments around the world have been encouraging private investments in infrastructure through Public Private Partnership (PPP) framework. In the transport sector, for example, project finance and PPP are largely used in toll road concessions. The PPP agreements may include subsidies, guarantees and other forms of support designed to reduce the risk to(More)
The portfolio composition of assets is a classic theme in finance literature. Investors want to get highest return, minimizing as possible the involved risk. In a portfolio composed by real assets, such as investment projects, it must be decided which of them carry on. So, it is always a challenge to measure the involved risk. Furthermore, in a portfolio of(More)
  • Frances F. Blank, Carlos P. Samanez, Tara Baidya, Marco A. G. Dias
  • 2014
Governments around the world have been encouraging private participation in transportation infrastructure. To increase the feasibility of a project, public–private partnership (PPP) may include guarantees or other support to reduce risks for private investors. It is necessary to value these opportunities under a real options framework to analyze project(More)
Governments around the world have been encouraging private investments in infrastructure through Public Private Partnership (PPP) framework. In the transport sector, for example, project finance and PPP are largely used in toll road concessions. The PPP agreements may include subsidies, guarantees and other forms of support designed to reduce the risk to(More)
a Department of Management, Ibmec Business School, Av. Presidente Wilson 118, Centro, Rio de Janeiro, 20030-020, RJ, Brazil b Department of Industrial Engineering, Pontifícia Universidade Católica — Rio de Janeiro, Rua Marques de São Vicente 225, Rio de Janeiro, 22451-900, RJ, Brazil c IAG Business School, Pontifícia Universidade Católica — Rio de Janeiro,(More)
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