Concept

Real options valuation

Related publications (198)

Navigating various flexibility mechanisms under European burden-sharing

In July 2016, the European Commission presented its proposal for a regulation to reduce greenhouse gases emissions in sectors not covered by the emissions trading system with regard to post-2020 binding targets. The proposal extends the burden-sharing fram ...

SPRINGER2020

Optimal integration of sustainable multi-energy systems in districts

François Maréchal, Paul Michael Stadler

The integration of renewable energy sources within the built environment is a compelling challenge to tackle. With the recent climate targets aiming at a carbon neutral energy supply by the mid-century, a modern building energy system (BES) should maximize ...

ECOS 2020 Organizing Committee2020

Navigating various flexibility mechanisms under European burden-sharing

Marc Vielle

Emissions in sectors not covered by the emissions trading system with regard to post-2020 binding targets. The proposal extends the burden-sharing framework designed in 2008. This new burden-sharing, called by the European Commission as the Effort Sharing ...

2020

Multimodal pipe-climbing robot with origami clutches and soft modular legs

Jamie Paik, Frédéric Henri Vaskin Giraud, Hongying Zhang, Yongkang Jiang

In nature, climbing trees and pipes of varying diameters or even navigating inside of hollow pipes and tree holes is easy for some climbing animals and insects. However, today's pipe-climbing robots, which are important for automatically conducting periodi ...

2020

lnternational governance issues on climate engineering Information for policymakers

Marie-Valentine Renée Agnès Florin

Some climate engineering technologies are being developed to remove CO2 from the atmosphere (carbon dioxide removal, CDR), which is expected to contribute to reducing and preventing climate change. Some other technologies (solar radiation modification, SRM ...

EPFL International Risk Governance Center2020

Planning Supply with 'Opportunity Goods' : Complementing Premium Parts with Select Discount Components

Thomas Alois Weber

In this paper, we introduce the notion of an "opportunity good" as a discount production input that may prove of satisfactory quality upon inspection and otherwise can be returned to the supplier. While in a quality-sensitive setting it is never optimal to ...

2020

Numerical methods for option pricing: polynomial approximation and high dimensionality

Francesco Statti

Options are some of the most traded financial instruments and computing their price is a central task in financial mathematics and in practice. Consequently, the development of numerical algorithms for pricing options is an active field of research. In gen ...

EPFL2019

Defossilize Switzerland Yes we can

François Maréchal

With the help of thermodynamics and system engineering techniques, we will discuss options to make a country like Switzerland 100% renewable and even negative in carbon dioxide emissions. ...

2019

A New Approach For American Option Pricing: The Dynamic Chebyshev Method

Kathrin Beatrice Glau

We introduce a new method to price American options based on Chebyshev interpolation. In each step of a dynamic programming time-stepping we approximate the value function with Chebyshev polynomials. The key advantage of this approach is that it allows us ...

SIAM PUBLICATIONS2019

A Holistic Methodology for Optimizing Industrial Resource Efficiency

François Maréchal, Adriano Viana Ensinas, Ivan Daniel Kantor, Maziar Kermani, Anna Sophia Wallerand, Julia Granacher

Efficient consumption of energy and material resources, including water, is the primary focus for process industries to reduce their environmental impact. The Conference of Parties in Paris (COP21) highlighted the prominent role of industrial energy effici ...

2019

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