Abstract The Real Options approach to decision-making has been useful in capturing and
valuing the flexibility inherent in many operating decisions that decision makers are faced …

This paper surveys the theoretical literature on the timing of new technology adoption. It
presents the state of the art as it falls into two major categories, depending on whether the …

This paper identifies the causal effect of economic policy uncertainty (EPU) on the shadow
banking activities of nonfinancial enterprises (NFEs) in China. Using hand-collected data on …

This article considers investment decisions within an uncertain dynamic and duopolistic
framework. Each investment decision involves to determine the timing and the capacity …

This chapter is organized as follows. The economic problem on which this book focuses is
motivated in Section 1. The two tools used to study this economic problem, which are real …

By mixing concepts from both game theoretic analysis and real options theory, an
investment decision in a competitive market can be seen as a “game” between firms, as …

Updated look at financial modeling and Monte Carlo simulation with software by Oracle
Crystal Ball This revised and updated edition of the bestselling book on financial modeling …

Although the academic literature on real options has grown enormously over the past three
decades, the adoption of formal real option valuation models by practitioners appears to be …

Although innovation and support schemes are among the main forces that drive investment
in renewable energy (RE) technologies, both involve considerable uncertainty. We develop …

Investment is a central theme in economics, finance, and operational research. Traditionally,
the focus of analysis has been either on assessing the value of flexibility (investment under …