Uncertainty and Risk Assessment Impact on Energy-Efficiency Investments´ Decision Process: the Power Perspective

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86092103" target="_blank" >RIV/61989100:27510/14:86092103 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Uncertainty and Risk Assessment Impact on Energy-Efficiency Investments´ Decision Process: the Power Perspective

Popis výsledku v původním jazyce

This contribution is a shortened version of an upcoming paper. A longitudinal single case study explored energy efficiency investments as an example of decision-making under uncertainty and identified energy manager´s low status, non-strategic nature ofenergy efficiency investments, perceived hidden costs, and uncertainty and risk perception as main implementation barriers. We design a conceptual decision framework combining scenarios, strategy maps, investment evaluation template and real options analysis. We argue this tool helps addressing the barriers: (1) energy managers assume an engaged toolmaker role and thus improve their status, (2) shape the decision process and frame energy investments as strategic, (3) assess hidden costs, (4) co-define and appropriate company relevant uncertainties and impact risk evaluation. Following the strategic contingencies theory we highlight coping with uncertainty as an important factor in both increasing power and shaping decisions. Uncertainty

Název v anglickém jazyce

Uncertainty and Risk Assessment Impact on Energy-Efficiency Investments´ Decision Process: the Power Perspective

Popis výsledku anglicky

This contribution is a shortened version of an upcoming paper. A longitudinal single case study explored energy efficiency investments as an example of decision-making under uncertainty and identified energy manager´s low status, non-strategic nature ofenergy efficiency investments, perceived hidden costs, and uncertainty and risk perception as main implementation barriers. We design a conceptual decision framework combining scenarios, strategy maps, investment evaluation template and real options analysis. We argue this tool helps addressing the barriers: (1) energy managers assume an engaged toolmaker role and thus improve their status, (2) shape the decision process and frame energy investments as strategic, (3) assess hidden costs, (4) co-define and appropriate company relevant uncertainties and impact risk evaluation. Following the strategic contingencies theory we highlight coping with uncertainty as an important factor in both increasing power and shaping decisions. Uncertainty

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Managing and Modeling of Financial Risks : 7th international scientific conference : proceedings : 8th-9th September 2014, Ostrava, Czech Republic. [Part I-III]

ISBN

978-80-248-3631-7

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

840-849

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

8. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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