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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix | |
Luca Di Corato; Michele Moretto | |
发表日期 | 2009 |
出处 | Energy: Resources and Markets |
出版年 | 2009 |
语种 | 英语 |
摘要 | In a continuous-time framework we study the technology and investment choice problem of a continuous co-digestion biogas plant dealing with randomly fluctuating relative convenience of input factor costs. Input factors enter into the productive process together mixed according to a given initial rule. Being inputs relative convenience stochastically evolving, a successive revision of the initial rule may be desirable. Hence, when the venture starts the manager may or may not install a flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule. |
特色分类 | C61;D24;Q42 |
关键词 | Factor Proportions Technological Choice Flexibility Real Options Alternative Energy Source |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/investing-in-biogas-timing-technological-choice-and-the-value-of-flexibility-from-inputs-mix/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117634 |
推荐引用方式 GB/T 7714 | Luca Di Corato,Michele Moretto. Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix. 2009. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
20091119105591Nota_d(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
20091119105457484-09(492KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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