Data/hora: 06/06/2024 12:15:35

Provedor de dados: 	31	
País: 	United States	
Título: 	Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix	
Autores: 	Di Corato,   Luca; Moretto,   Michele.	
Data: 	2009-11-26	
Ano: 	2009	
Palavras-chave: 	Factor Proportions; Technological Choice; Flexibility; Real Options; Alternative Energy Source; Environmental Economics and Policy; C61; D24; Q42.	
Resumo: 	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.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/55283	
Relação: 	Fondazione Eni Enrico Mattei (FEEM)&gt;Sustainable Development Papers

SD

84.1009	
Formato: 	38