Complexity of the capital intensive oil and gas portfolio investments is continuously growing. It is manifested in the constant increase in the type, number and degree of risks and uncertainties, which consequently lead to more challenging decision making problems. A typical complex decision...
Price volatility for jet fuel makes it difficult for airlines to predict their fuel-related operating expenses beyond a few months. This is due to both crude oil price uncertainty and the widening cracking premium from crude oil into downstream kerosene and diesel products. In this research, we...
The classical method of project risk analysis, for example, the Program Evaluation and Review Technique (PERT), ignores statistical dependence among project activities, which puts limits to its effectiveness as a robust method for probabilistic schedule analysis. Also, some programmatic risk...
By making modifications to existing deterministic and stochastic capital structure decision models, this dissertation addresses three concerns related to the modeling of optimal capital structure for project finance investments: (1) how the nature of coverage ratio constraints affects the...
Many routine tasks require an agent to perform a series of sequential actions, either to move to a desired end state or to perform a task of indefinite duration as efficiently as possible, and almost every task requires the consideration of multiple objectives, which are frequently in conflict...