Optimal Technology Choice and Investment Timing: A Stochastic Model of Industrial Cogeneration vs. Heat-Only Production
Year of publication: |
2004-12
|
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Authors: | Madlener, Reinhard ; Wickart, Marcel |
Institutions: | CER-ETH Center of Economic Research, Department of Management, Technology and Economics (D-MTEC) |
Subject: | Cogeneration | Irreversible investment | Risk | Uncertainty | Real options |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Number 04-37 37 pages |
Classification: | C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D21 - Firm Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Q41 - Demand and Supply ; Q48 - Government Policy |
Source: |
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