Flexibility to switch project size: a real option application for photovoltaic investment valuation

DOI10.1016/j.cnsns.2022.106869zbMath1501.91175OpenAlexW4296416085MaRDI QIDQ2094476

Giovanni Villani, Michele Bufalo, Marta Biancardi, Antonio Di Bari

Publication date: 28 October 2022

Published in: Communications in Nonlinear Science and Numerical Simulation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.cnsns.2022.106869

zbMATH Keywords

managerial flexibilitycompound optionsswitch optionslarge-scale solar projects

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Unnamed Item
• The Pricing of Options and Corporate Liabilities
• Mathematical models of financial derivatives
• Stochastic calculus for finance. II: Continuous-time models.
• Valuing Risky Projects: Option Pricing Theory and Decision Analysis

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