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Page 1 of 4

  • 1 - Risk and Uncertainty in the Energy Industry
  • from Part I - The Problem
  • Alfred A. Marcus, University of Minnesota
  • Book: Strategies for Managing Uncertainty
  • Published online: 18 March 2019
  • Print publication: 28 March 2019, pp 15-27
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    Summary

    This chapter shows how energy companies hedged their bets in dissimilar ways against an uncertain future. With information about the future hard to come by, the firms had diverse understandings and they ended up competing with each other in different ways.
  • 2 - The Management of Risk and Uncertainty
  • from Part I - The Problem
  • Alfred A. Marcus, University of Minnesota
  • Book: Strategies for Managing Uncertainty
  • Published online: 18 March 2019
  • Print publication: 28 March 2019, pp 28-41
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    Summary

    This chapter summarizes previous academic literature about the management of risk and uncertainty. Specifically, it deals the decision-making limitations that research has found to exist when decision makers contend with important strategic issues.

Page 1 of 4