The paradox effects of uncertainty and flexibility on investment in renewables under governmental support

DOI10.1016/J.EJOR.2015.12.027MaRDI QIDQ322816zbMATH OpenOpenAlexWikidataFDO

Authors Andreas Welling

Publication date 7 October 2016

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

Full work available at URL https://doi.org/10.1016/j.ejor.2015.12.027

zbMATH Keywords

real optionsOR in energyOR in environment and climate changeoptimal capacity sizeoptimal investment timing

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

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Cites work

• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• A decision-making tool for project investments based on real options: the case of wind power generation
• An Intertemporal Capital Asset Pricing Model
• Investment timing and optimal capacity choice for small hydropower projects
• Medium-term planning for thermal electricity production
• Renewable energy investments under different support schemes: a real options approach
• Stochastic programming for optimizing bidding strategies of a Nordic hydropower producer

Cited in

(6)

• Optimal investment timing and size of a logistics park: a real options perspective
• A review of the operations literature on real options in energy
• Divergences in the determinants of investments in renewable energy sources: hydroelectric vs. other renewable sources
• Leaving well-worn paths: reversal of the investment-uncertainty relationship and flexible biogas plant operation
• The interaction of debt financing, cash grants and the optimal investment policy under uncertainty
• Renewable generation expansion under different support schemes: a stochastic equilibrium approach

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