Bøckman, Thor; Fleten, Stein-Erik; Juliussen, Erik; … - In: European Journal of Operational Research 190 (2008) 1, pp. 255-267
This paper presents a method for assessing small hydropower projects that are subject to uncertain electricity prices. We present a real options-based method with continuous scaling, and we find that there is a unique price limit for initiating the project. If the current electricity price is...
