Flexibility to switch project size: a real option application for photovoltaic investment valuation

DOI10.1016/J.CNSNS.2022.106869MaRDI QIDQ2094476zbMATH OpenOpenAlexFDO

Authors Marta Biancardi, Michele Bufalo, Antonio Di Bari, Giovanni Villani

Publication date 28 October 2022

Published in Communications in Nonlinear Science and Numerical Simulation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.cnsns.2022.106869

zbMATH Keywords

managerial flexibilitycompound optionsswitch optionslarge-scale solar projects

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Stopping times; optimal stopping problems; gambling theory (60G40)

Recommendations

• Photovoltaic smart grids in the prosumers investment decisions: a real option model
• A decision-making tool for project investments based on real options: the case of wind power generation
• Renewable energy investments under different support schemes: a real options approach
• Flexibility and project value: interactions and multiple real options
• Real options valuation applied to transmission expansion planning
• How real option disinvestment flexibility augments project NPV
• scientific article; zbMATH DE number 6602703
• Microgrid investment under uncertainty: a real option approach using closed form contingent analysis
• Short-Term Generation Asset Valuation: A Real Options Approach

Cites work

• scientific article; zbMATH DE number 1227086 (Why is no real title available?)
• Mathematical models of financial derivatives
• Stochastic calculus for finance. II: Continuous-time models.
• The pricing of options and corporate liabilities
• Valuing Risky Projects: Option Pricing Theory and Decision Analysis

Cited in

(1)

• Photovoltaic smart grids in the prosumers investment decisions: a real option model

This page was built for publication: Flexibility to switch project size: a real option application for photovoltaic investment valuation

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2094476)