Blar i NHH Brage på emneord "irreversible investment"
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Fisheries management under irreversible investment : does stochasticity matter?
(Discussion paper;2011:20, Working paper, 2011-11)We present a continuous, nonlinear, stochastic and dynamic model for capital investment in the exploitation of a renewable resource. Both the resource stock and capital stock are treated as state variables. The resource ... -
Input price risk and optimal timing of energy investment : choice between fossil- and biofuels
(Working Paper, Working paper, 2002-05)We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price ...