This paper describes ESCO approaches and business models for biomass heating and
CHP generation. State of the art, policy measures and main barriers towards the …

We consider the valuation of energy storage facilities within the framework of stochastic
control. Our two main examples are natural gas dome storage and hydroelectric pumped …

In this paper, we study a multi-dimensional backward stochastic differential equation (BSDE)
with oblique reflection, which is a BSDE reflected on the boundary of a special unbounded …

We study the financial engineering aspects of operational flexibility of energy assets. The
current practice relies on a representation that uses strips of European spark‐spread …

In this paper we show existence and uniqueness of a solution for a system of m variational
partial differential inequalities with inter-connected obstacles. This system is the …

Management policies for influenza outbreaks balance the expected morbidity and mortality
costs versus the cost of intervention policies. We present a methodology for dynamic …

This paper presents a real option valuation model of a power plant, which accounts for
physical constraints and market incompleteness. Switching costs, minimum on-off times …

We introduce a new probabilistic method for solving a class of impulse control problems
based on their representations as Backward Stochastic Differential Equations (BSDEs for …

We solve optimal iterative three-regime switching problems with transaction costs, with
investment in a mean-reverting asset that follows an Ornstein–Uhlenbeck process and find …

We consider the valuation of gas storage on finite horizon. Focusing on the timing optionality
of storage we construct a stochastic control model that reduces to solving an optimal …