In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial firm that wants to invest in a process technology. More specifically, the decision is between making an irreversible investment in a combined heat-and-power production...

We conceptualize and model the decision-making problem of an industrial investor having the choice to adopt either some cogeneration or some heat-only generating technology, or a combination of the two. The deterministic model suggested is specified in continuous time, takes a lifetime...

The municipal utilities of Basel (IWB) are in the process of building a 30 MW wood-fired CHP plant in the city of Basel, a project idea that was initially propelled by visionaries from the forest sector. The plant is attractive both politically and from a business perspective, as several goals...

This paper reports on an empirical investigation about the economic and CO2 mitigation impacts of bioenergy promotion in the Austrian federal province of Vorarlberg. We study domestic value added, employment and fiscal effects by means of a static input-output analysis. The bioenergy systems...

Energy efficiency potentials slumbering in the envelopes of existing and newly constructed buildings are significant and still largely untapped. Increasing concerns of policy-makers about non-sustainable energy use and its implications especially on climate change currently spur a growing...

This paper compares multi-criteria decision aiding (MCDA) and data envelopment analysis (DEA) approaches for assessing renewable energy plants, in order to determine their performance in terms of economic, environmental, and social criteria and indicators. The case is for a dataset of 41...