In a continuous-time framework we study the technology and investment choice problem of a continuous co … flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved … determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule …

firm's opportunistic behaviour on the optimal investment timing. In the presence of uncertainty on construction costs, we …This paper considers the supplier's strategic delivery lead time in a public procurement setting as the result of the … penalty enforcement by the courts of law. -- Strategic Time Overruns ; Public Procurement ; Real Options …

the impact of concession length and investment timing flexibility on the "concession value." It is generally argued that … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the … is whether or not the concessionare should be allowed to set the timing of new investments. In this paper we investigate …

optimal size and (optimal) investment timing. The effect of uncertainty is in line with the literature, showing increasing … associated with the Smart Grid (SG) term. In this context, efficiency and flexibility of power systems are expected to increase …

under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …