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Some of the reasons are straightforward, like the inherent uncertainty of prices from year to year: if a bad harvest next summer sent prices soaring, restaurants might find it hard to sell expensive lobster to customers who'd got used to cheap lobster.
What makes a market, after all, if it's not the uncertainty of prices?
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The uncertainty of price is determined by the normal PDF from the hypothetical survey data which is similar to a part with the probability of ( alpha_{s}^{lambda e} ) corresponding to the max price of ( k_{L.s}^{lambda e} ).
Alas, the replacement of the franc by the euro has eliminated one of the great joys of the first night in Paris, the Uncertainty Principle of Prices.
Combined uncertainties of price and load have been dealt with using fuzzy programming [51, 52].
"Given recent large declines in oil prices and the uncertainty of oil price projections," the agency says, "the additional low price scenario included in the [the State Department's report] should be given additional weight during decision making, due to the potential implications of lower oil prices on project impacts, especially greenhouse gas emissions".
A major drawback of such methods is that the time-dependent and exceedingly growing uncertainty of oil prices implies that long-term predictions become highly unreliable.
Electricity price changes on real-time basis so it is necessarily required to introduce stochastic models to reflect the uncertainty of future prices.
They stressed concerns over the uncertainty of vaccine prices once GAVI assistance ends.
Though there is modest uncertainty of these prices at any particular place and time, however, uncertainty comes mainly from their future assessment, particularly related on the choice of discount rates.
Co-operative Energy said it too disputed claims by the big six that investment would be chased away by the uncertainty of a price freeze and the breakup of vertically integrated power companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com