We analyze the dynamic investment decision of a firm subject to an endogenous financing
constraint. The threat of future funding shortfalls lowers the value of the firm's timing options …

One of the primary objectives of the United States' federal non-hydro renewable electric
R&D program is to promote the development of technologies that have the potential to …

This paper presents a valuation study of hydropower investment opportunities in the
Norwegian context. According to NVE (Norwegian Water Resources and Energy Directorate …

This study considers incentive provisions for investment decisions related to waste heat
recovery system (WHRS) installations on ships to reduce CO2 emissions and improve ships' …

Port capacity investments are large, expensive and uncertain. They also involve long
construction lead times. Therefore, choosing the timing and size of port investments …

Lagging public-sector investment in infrastructure and the deregulation of many industries
mean that the private sector has to make decisions under multiple sources of uncertainty …

Firms can grow through internal investment or through acquisition. While internal growth
takes time, an acquisition provides cash flows immediately. The opportunity to grow …

We derive the optimal investment decision in a project where both demand and investment
cost are stochastic processes, eventually subject to shocks. We extend the approach used in …

Dadas las limitaciones que presentan los métodos tradicionales de valoración de
inversiones, y su dificultad para adaptarse a entornos cambiantes, se explora el método de …

Целью работы является описание того, как концепция реальных опционов изменяет
традиционный взгляд на многие ключевые вопросы теории менеджмента …