Browsing Department of Business and Management Science by Author "Hagspiel, Verena"
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Stepwise Green Investment under Policy Uncertainty
Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Peer reviewed; Journal article, 2016)We analyse how market price and policy uncertainty, in the form of random provision or retraction of a subsidy, interact to affect the optimal time of Investment and the size of a renewable energy (RE) project that can be ... -
Stepwise Investment and Capacity Sizing under Uncertainty
Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Discussion paper;10/15, Working paper, 2015-02-13)The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ... -
Stepwise investment and capacity sizing under uncertainty
Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Peer reviewed; Journal article, 2016)The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ...