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We propose a novel method for the analysis of spatially distributed data from an exponential family distribution, able to efficiently treat data occurring over irregularly shaped domains. We consider a generalized linear framework and extend the work of Sa ...
While established firms' relationships with external ventures may have significant strategic benefits, the realization of such benefits is fraught with considerable uncertainty. The real options and interorganizational learning literatures present an inter ...
This paper presents a scheduling model for a class of interactive services in which requests are time bounded and lower result quality can be traded for shorter execution time. These applications include web search engines, finance servers, and other inter ...
We develop a model for pricing expropriation risk in natural resource projects, in particular an oil field. The government is viewed as holding an American-style option to expropriate the oil field, but facing the following three possible expropriation cos ...
This paper aims to perform a real options valuation of fusion energy R&D programme. Strategic value of thermonuclear fusion technology is estimated here based on the expected cash flows from construction and operation of fusion power plants and the real op ...
We develop a model of investment, financing, and cash management decisions in which investment is lumpy and firms face uncertainty regarding their ability to raise funds in the capital markets. We characterize optimal policies explicitly and show that the ...
In the standard real options approach to investment under uncertainty, agents formulate optimal policies under the assumptions of risk neutrality or complete financial markets. Although these assumptions are crucial to the implications of the approach, the ...
This paper is focused on the analysis of spillover benefits of the ongoing R&D programme on thermonuclear fusion technology. The spillover effects are understood here as positive externalities of publicly funded R&D, demonstration and deployment (RDDD) act ...
Recently, the optimisation of end-of-life (EOL) product recovery processes has been highlighted. At the inspection phase after disassembly, each part can have various recovery options such as reuse, reconditioning, remanufacturing, and disposal. Depending ...
This paper examines the effects of capital gains taxation on firms’ investment and financing decisions. We develop a real options model in which the timing of investment, the decision to default, and the firm’s capital structure are endogenously and jointl ...