Description Liberalised electricity markets represent a delicate equilibrium between regulatory targets to keep prices at acceptable levels and keeping prices high enough to ensure adequate return on investment for generation companies. From the viewpoint of the generation company, these capacity investment decisions are highly complex. Electricity prices are volatile which, instead of a guaran...

With the increasing expenditure into IT projects, a systematic evaluation of investment options is needed. This paper proposes a user-friendly software tool (PROSEL) capable of modelling the effects of both monetary (tangible) and non-monetary (intangible) aspects of an IT investment option, using interval mathematics and possibility theory to handle the inherent uncertainty associated with suc...

This paper studies a new renewable energy investment model through crowdfunding, which is motivated by emerging community solar farms. In this paper we develop a sequential game theory model to capture the interactions among crowdfunders, the solar farm owner, and an electricity company who purchases renewable energy generated by the solar farm. By characterizing a unique subgame-perfect equili...

Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies’ goa...

In this paper we study the asymptotic decay of finite time ruin probabilities for an insurance company that faces heavy-tailed claims, uses predictable investment strategies and makes investments in risky assets whose prices evolve according to quite general semimartingales. We show that the ruin problem corresponds to determining hitting probabilities for the solution to a randomly perturbed s...

Decision making about payment of profi t and its value are as important subjects in management fi eld of company. Because, in this process, quantity of money must be paid to investors and quantity of money must be collected for future investment must be determined. Financial support from internal sources counts as a lack of cash not distribution of profi ts to continue company activities. The p...

OBJECTIVES The purpose of this study is to analyze the influence of the corporate governance of pharmaceutical companies on research and development (R&D) investment. METHODS The period of the empirical analysis is from 2000 to 2012. Financial statements and comments in general, and internal transactions were extracted from TS-2000 of the Korea Listed Company Association. Sample firms were th...

OBJECTIVES The aim of this study is to analyze the influence of the research and development (R&D) investment of pharmaceutical companies on enterprise value. METHODS The period of the empirical analysis is from 2000 to 2012, considering the period after the influence of the financial crisis. Financial statements and comments in general and internal transactions were extracted from TS-2000 of...

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