Capacity switching options under rivalry and uncertainty

Valuing flexibility in demand-side response: A real options approach

The investment interests in the electricity industry are transmitted through various mechanisms to other economic activities. This paper considers methods for esteeming the adaptability of demand-side response (DSR) in its capacity to react to future uncertainties. The capacity to evaluate this adaptability is particularly critical for vitality frameworks speculations given their extensive and ...

Considering a Model for Sustainable Energy Planning Under Uncertainty

In this paper, real options theory is utilized to evaluate the effect of uncertain electricity and CO2 costs on speculation conduct. Methodologically, the allegiance of the newspaper in this appreciation is that uncertainty is not just stopped down as far as stochastic processes and their fluctuation, additionally as far as expected and acknowledged procedures, i.e. the procedures, w...

Generation Capacity Expansion in Electricity Markets under Rivalry and Uncertainty

Due to exposure to uncertainty created by the deregulation of electricity industries worldwide and the need to respond to climate change via investment in more sustainable technologies, the challenges and opportunities facing power companies have increased over the past decade. Consequently, the electric power sector requires decision support that is more responsive to market conditions, while ...

The R&D Investment-Uncertainty Relationship: Do Strategic Rivalry and Firm Size Matter?

This paper uses a real options perspective to augment the standard R&D investment model and implements a firm-level empirical analysis to assess the practical significance of market uncertainty and its interactions with strategic rivalry and firm size. We use a measure of firm-relevant market uncertainty along with panel data and find that firms invest less in current R&D as uncertainty about m...

The Effect Of Salvage Market On Strategic Technology Choice And Capacity Investment Decision Of Firm Under Demand Uncertainty