Industrial manufacturing is based on a variety of energy sources, e.g. electricity, oil, and gas. Electricity appears to be particularly relevant to operate most types of industrial production equipment in an environmentally friendly manner. Aside from production machines, intralogistics...

A manufacturing company's production-related decision-making is to a large extent characterized by machine scheduling and support device operations management. All these industrial equipment types consume energy, often in the form of electricity. This electricity is more and more provided by...

This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A policy that has been implemented by governments throughout the world to reduce the cost level of infant industries with positive externalities, is to either subsidize the research of...

A government that wants to increase welfare by subsidizing either an industry’s sales or process innovations or both has to account for possible changes of production, when firms can foresee the government’s actions. In an optimal control framework welfare can be increased by subsidizing...

Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies (REC). As part of the liberalization of the electricity market, RECs have been privatized and exposed to a possible bankruptcy threat if spot prices have fallen below their...

This model is the first to solve for the optimal timing of childbirth and number of children in a continuous time framework simultaneously. The model depicts how changes in wage at different stages of an individual’s life influence the timing decision of childbirth and the optimal number of...