Category: Strategic choices
The probability distribution of the bioethanol crush margin
In the following we will illustrate some of the risks the bioethanol producer is facing using corn as feedstock. However, these risks will persist regardless of the feedstock and production process chosen.
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Selecting Strategy
When there is no uncertainty the maximum return criterion can be used to rank strategies. With uncertainty we have to look for the strategy that maximizes the firms expected utility.
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When in doubt, develop the situation
Planning for an uncertain future is a hard task, but preparing for it by adapting to the uncertainties and risk uncovered is well within our abilities.
Valuation as a strategic tool
Valuation is something usually done only when selling or buying a company. However it is a versatile tool in assessing issues as risk and strategies both in operations and finance.
Fish farming
When we in 2002 were asked to look into the risk of Cod fish farming, we had to start with the basics; how do cod feed and grow at different locations and what is the mortality at the same locations.
