Title
The Value of Capacity Sizing Under Risk Aversion and Operational Flexibility.
Abstract
Risk aversion typically erodes the value of an investment opportunity, often increasing the incentive to delay investment. Although this may be true when the decision maker has discretion only over the timing of investment, any additional discretion over the capacity of a project may lead to different results. In this paper, we extend the traditional real options approach by allowing for discretio...
Year
DOI
Venue
2013
10.1109/TEM.2012.2211363
IEEE Transactions on Engineering Management
Keywords
Field
DocType
Investments,Uncertainty,Timing,Standards,Renewable energy resources,Suspensions,Biological system modeling
Economics,Actuarial science,Incentive,Risk analysis (business),Microeconomics,Business economics,Sizing,Discretion,Risk aversion,Decision maker,Project management
Journal
Volume
Issue
ISSN
60
2
0018-9391
Citations 
PageRank 
References 
10
0.82
1
Authors
3
Name
Order
Citations
PageRank
Michail Chronopoulos1404.84
Bert De Reyck254746.23
Afzal Siddiqui3528.37