Impact of Plant Utilization on Irreversible Investment Under Uncertainty with Application to Refinery Investment

DOI10.17535/crorr.2021.0005zbMath1482.91220OpenAlexW3174855688MaRDI QIDQ5021965

Esosa Enoyoze, Sunday E. Omosigho, Virtue Uwabomwen Ekhosuehi

Publication date: 17 January 2022

Published in: Croatian Operational Research Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.17535/crorr.2021.0005

zbMATH Keywords

real optionsgeometric Brownian motionirreversible investmentpetroleum refinery investmentplant capacity utilization

Mathematics Subject Classification ID

Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

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• Irreversible investment with Cox-Ingersoll-Ross type mean reversion
• A model for irreversible investment with construction and revenue uncertainty
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• Investment and capacity choice under uncertain demand
• Is the bad news principle for real?
• Investment timing and capacity decisions with time-to-build in a duopoly market
• A Theory of the Term Structure of Interest Rates
• An analysis of variance test for normality (complete samples)

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