An Exit and Entry Study of Renewable Power Producers: A Real Options Approach Min, Kyung Lou, Chenlu Min, Kyung Wang, Chung-Hsiao
dc.contributor.department Industrial and Manufacturing Systems Engineering 2018-02-18T08:16:23.000 2020-06-30T04:47:40Z 2020-06-30T04:47:40Z Sun Jan 01 00:00:00 UTC 2012 2012-01-01
dc.description.abstract <p>In recent years, there has been a substantial increase in renewable power production sites. However, such sites operated in the 1980s were often abandoned in the 1990s and their remnants are still visible. Hence, it is highly desirable to understand the exit and entry decisions of such sites. Toward this goal, we formulate and analyze models for such decisions regarding a single site from a real options perspective when the operation and maintenance costs follow a geometric Brownian motion and derive policy implications. An extensive numerical example for a wind farm illustrates some of the key features of this study.</p>
dc.description.comments <p>This is a manuscript of an article published by Taylor & Francis in The Engineering Economist on 2012, available online: <a href="" target="_blank"></a></p>
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dc.identifier archive/
dc.identifier.articleid 1107
dc.identifier.contextkey 9968603
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath imse_pubs/107
dc.language.iso en
dc.source.bitstream archive/|||Fri Jan 14 18:26:29 UTC 2022
dc.source.uri 10.1080/0013791X.2011.651566
dc.subject.disciplines Industrial Engineering
dc.subject.disciplines Systems Engineering
dc.title An Exit and Entry Study of Renewable Power Producers: A Real Options Approach
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication 51d8b1a0-5b93-4ee8-990a-a0e04d3501b1
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