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

DOI10.1016/J.CNSNS.2022.106869zbMATH Open1501.91175OpenAlexW4296416085MaRDI QIDQ2094476FDOQ2094476

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

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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)

Cites Work

• The pricing of options and corporate liabilities
• Stochastic calculus for finance. II: Continuous-time models.
• Title not available (Why is that?)
• Mathematical models of financial derivatives
• Valuing Risky Projects: Option Pricing Theory and Decision Analysis

Cited In (1)

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

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