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Fig. 13


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NPV risk curves for the nine specialized production strategies (E1–E9) and robust strategy (EMR), considering 214 uncertain scenarios with a) deterministic economic scenario, and b) three uncertain economic scenarios. The vertical dashed line is the benchmark (B). Cross-plots of c) Expected Monetary Value (EMV) versus downside risk, and d) EMV versus upside potential, both under economic uncertainty.

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