In this paper, we consider a company that can satisfy customers' demands for a product using two alternative sourcing strategies: (1) purchasing new products from outside sources (such as an international partner) or (2) collecting cores (used products) and remanufacturing them. As the purchase...

Generation expansion planning is finding an optimal solution for installing new generation units with technical and financial limits. This study proposes a Real Options Analysis (ROA) model for evaluating a generation system expansion plan where the electricity demand fluctuates with volatility....