A balance sheet structure including fixed assets, net working capital and risky long-term debt leads to a model for option pricing of the firm’s equity. Each of the financial components constitutes a source of risk. A hedge based on three distinct options and the stock enables risk neutral valuation and avoids the problems of lack of tradability of the assets and market incompleteness reflected...

This paper considers a hypothetical government-run credit rating agency with a “fixed compensation” scheme. Taking as granted the fact that investors ascribe higher value for highly rated assets, the model attempts to see whether government intervention can lead to a more socially desirable solution. The model features a free rating agent who can either choose to work for the government agency ...

This paper focuses attention on specific aspects of entrepreneurial decisions relating to investment, both in the total fixed investments and plant & machinery (separately). Demand and financial factors, internal and external, are considered in the investment analysis. Finally the influence of determinants of fixed investment and investment plans are examined in Electric Power industry in India...

Indoor localization has gained importance as it has the potential to improve various processes related to the lifecycle management of facilities and to deliver personalized and location-based services. Radio Frequency Identification (RFID) based systems, on the other hand, have been widely used in different applications in construction and maintenance. This paper investigates the usage of RFID ...

In this research study, energy, exergy and economic analyses is performed for a combined cycle power plant (CCPP) with a supplementary firing system. The purpose of this analyses is to evaluate the economic feasibility of a CCPP by applying an optimization techniques based on Evolutionary algorithms. Actually, the evolutionary algorithms of Firefly, PSO and NSGA-II are applied to minimize the c...