We report the characteristics of heat transfer and emissions in natural gas fired flameless oxidation conditions created using multiple semi-industrial regenerative burners. Burner positions and firing modes (parallel and staggered) are varied, and their effects on efficiency, emissions (NO, CO)...

Caballero (1991) shows that a larger uncertainty only increases the investment of a perfectly competitive firm with a constant returns to scale technology. We show, however, that the option value generated by a one-time fixed cost can cause the increasing uncertainty to reduce investment from a...

For a perfectly competitive firm with a constant returns to scale techenology, a greater price uncertainty has been shown to increase investment even in the presence of irrecersible investment. We show, however, that the option value generated by a one-time fixed cost can cause increasibg...