Switching from oil to gas production in a depleting field
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Publication:724165
DOI10.1016/J.EJOR.2018.05.043zbMath1403.90435OpenAlexW2561286746WikidataQ125943219 ScholiaQ125943219MaRDI QIDQ724165
Kristian Støre, Verena Hagspiel, Stein-Erik Fleten, Clàudia Nunes
Publication date: 25 July 2018
Published in: European Journal of Operational Research (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/11250/2587655
Management decision making, including multiple objectives (90B50) Optimal stochastic control (93E20) Applications of stochastic analysis (to PDEs, etc.) (60H30)
Related Items (7)
Mature offshore oil field development: solving a real options problem using stochastic dual dynamic integer programming ⋮ A review of the operations literature on real options in energy ⋮ Rescaling-contraction with a lower cost technology when revenue declines ⋮ Strategic technology switching under risk aversion and uncertainty ⋮ Optimal decision policy for real options under general Markovian dynamics ⋮ Optimal timing of non-pharmaceutical interventions during an epidemic ⋮ Leaving well-worn paths: reversal of the investment-uncertainty relationship and flexible biogas plant operation
Cites Work
- Optimal switching decisions under stochastic volatility with fast mean reversion
- Real options analysis of investment in carbon capture and sequestration technology
- On the properties of \(r\)-excessive mappings for a class of diffusions
- Analytical solution for an investment problem under uncertainties with shocks
- Replacement decisions with multiple stochastic values and depreciation
- Discrete time modeling of mean-reverting stochastic processes for real option valuation
- On the Differentiability of the Value Function in Dynamic Models of Economics
- Envelope Theorems for Arbitrary Choice Sets
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