In a continuous-time framework we study the technology and investment choice problem of a continuous co-digestion biogas plant dealing with randomly fluctuating relative convenience of input factor costs. Input factors enter into the productive process together mixed according to a given initial...

Flexible conservation management, where measures are selected in each decision period and depending on the current state of the ecological system, are generally perceived as superior to fixed management, where the same measure is applied in each decision period independent of the current state...

In a continuous-time framework we study the technology and investment choice problem of a continuous co-digestion biogas plant dealing with randomly fluctuating relative convenience of input factor costs. Input factors enter into the productive process together mixed according to a given initial...

Flexible conservation management, where measures are selected in each decision period and depending on the current state of the ecological system, are generally perceived as superior to fixed management, where the same measure is applied in each decision period independent of the current state...