Capital renewal as a real option

DOI10.1016/J.EJOR.2011.03.042MaRDI QIDQ2275633zbMATH OpenOpenAlexFDO

Authors Matthew J. Reindorp, Michael C. Fu

Publication date 9 August 2011

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2011.03.042

zbMATH Keywords

facilities planning and designinvestment analysismaintenancereplacementsimulation

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Optimal investment strategies for renewable facilities
• Replacement decisions with multiple stochastic values and depreciation
• Characterization of optimal policy for capital replacement models
• Solution of the Multi-Asset Finite Horizon Investment Renewal Problem
• scientific article; zbMATH DE number 8819

Cites work

• Can properly discounted projects follow geometric Brownian motion?
• Conditional investment policy under uncertainty and irreversibility
• Finite-horizon optimal investment with transaction costs: a parabolic double obstacle problem
• scientific article; zbMATH DE number 4078444 (Why is no real title available?)

Cited in

(4)

• Replacement decisions with multiple stochastic values and depreciation
• Real options in operations research: a review
• Solution of the Multi-Asset Finite Horizon Investment Renewal Problem
• Financing university education in Nigeria. A proposal for infrastructure replenishment in universities

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