Browsing NTNU Open by Author "Hagspiel, Verena"
Now showing items 21-40 of 51
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Norway's Ambitious Climate Targets - A Threat to the Development of Floating Offshore Wind?
Aghajani, Daniel; Toutain, Vincent Kyrre Gerard (Master thesis, 2021)Økende bekymring for konsekvensene av klimaendringer har ført til ambisiøse og omfattende klimamål verden rundt. I den forbindelse har Norges regjering gått i bresjen for at de betydelige havvindressursene på norsk ... -
Optimal Investment and Replacement Timing for small Wind Power Projects utilizing second-hand Wind Turbines
Mannhart, Ulrik Dale (Master thesis, 2016)This paper presents a real options method for evaluating small wind power projects utilizing second-hand wind turbines. In addition to uncertain electricity prices, the model considers the lifetime of a second-hand wind ... -
Optimal investment decisions in lice-fighting technologies: A case study in Norway
Brakstad, Oscar Mathias; Hagspiel, Verena; Lavrutich, Maria; Matanovic, Dunja (Journal article; Peer reviewed, 2019)The Norwegian salmon farming industry is currently facing significant obstacles to future growth. The major challenge is posed by the high level of sea lice in the sea nets at the salmon farms. At the moment both salmon ... -
Optimal investment in hydrogen production from wind power under uncertainty: A Norwegian case study
Rashid, Adil (Master thesis, 2017)Hydrogen produced from renewable energy can help reduce emissions, especially in the transportation sector. In Norway, an increased political promotion over the last years has started the development of a hydrogen ... -
Optimal Investment in Research and Development: A Real Option Approach
Østensen, Glenn-Endré (Master thesis, 2019)Denne oppgaven ser på det optimale investeringsnivået i forskning og utvikling for et firma som har muligheten til å gjennomføre et teknologibytte. Oppgaven modellerer investeringen i forskning og utvikling ved å påvirke ... -
Optimal Investment Strategies in Offshore Salmon Farming using Real Options Valuation Methods - A case study of SalMar ASA's investment in the Ocean Farming Facility
Aamodt, Jacob; Langaard, Peder Heien; Witzøe, Magnus (Master thesis, 2017)The Norwegian salmon farming industry is struggling with growth due to governmental regulations imposed to solve biological and area challenges. In 2015, the Norwegian government introduced development concessions to fuel ... -
Optimal Investment Strategies under Decision-Dependent Stochastic Environments
Olsen, Tord (Master thesis, 2018)This thesis investigates the optimal investment decisions of a firm, when the characteristics of the firm's stochastic environment are dependent on these decisions. We model situations where the market the firm operates ... -
Optimal Investment Strategy in Lice-Fighting Technologies
Matanovic, Dunja; Brakstad, Oscar Mathias (Master thesis, 2017)Salmon lice is a parasite feeding off the flesh and skin of the fish, and is currently one of the largest challenges for the aquaculture industry, prohibiting growth in the industry. In order to allow for growth in an ... -
Optimal Risk Adoption and Capacity Investment in Technological Innovations
Sendstad, Lars Hegnes; Chronopoulos, Michail; Hagspiel, Verena (Journal article; Peer reviewed, 2021)Technological innovations often formulate new market regimes and create incentives to abandon existing, less attractive ones. However, this decision depends not only on market forces, such as economic and technological ... -
Optimal timing and capacity choice under the rate-of-return renewable energy support
Kozlova, Mariia; Fleten, Stein-Erik; Hagspiel, Verena (Journal article; Peer reviewed, 2020)This article presents a stylized renewable energy (RE) investment project profitability analysis under a rate-of-return RE support type. We use a dynamic programming approach to value the real options. While the method is ... -
Policy uncertainty in Scandinavian countries
Ifwarsson, Emil Johan Verlo; Kleiven, Lars Erik; Sendstad, Lars H.; Hagspiel, Verena (Peer reviewed; Journal article, 2021)We measure policy uncertainty for three small open economies and show how policy uncertainty indices can capture important historical events, both local events such as referendums and certain general elections, as well as ... -
Portfolio Optimization of Wind Power Projects
Johannessen, Silje (Master thesis, 2015)The use of traditional discounted cash flow approaches for valuing and comparing investment opportunities are prevailing in most industries, and the same is the case for renewable energy investments. As the wind power ... -
Power purchase agreement vs. investment in power generation: Analysing the trade-offs for a large industrial power consumer considering wind power in the Norwegian market
Christensen, Mathilde Knobel; Instefjord, Kari Renslo; Tonhaugen, Trine Marie (Master thesis, 2019)De siste årene har man observert to tydelige utviklingstrekk innenfor norsk vindkraft. Det første er at vindkraftprosjekter begynner å bli lønnsomme uten statlige subsidier. Nummer to er den økte bruken av såkalte ... -
Power purchase agreement vs. investment in power generation: Analysing the trade-offs for a large industrial power consumer considering wind power in the Norwegian market
Christensen, Mathilde Knobel; Instefjord, Kari Renslo; Tonhaugen, Trine Marie (Master thesis, 2019)De siste årene har man observert to tydelige utviklingstrekk innenfor norsk vindkraft. Det første er at vindkraftprosjekter begynner å bli lønnsomme uten statlige subsidier. Nummer to er den økte bruken av såkalte ... -
Product Upgrading Decisions under Uncertainty in a Durable Goods Market
Ingebrigtsen, Simen; Bækkedal, Steinar (Master thesis, 2017)This paper studies investment behavior of firms deciding when to introduce an upgrade in a durable goods market. The firm chooses both the investment timing and the price of the upgrade while facing the risk of the upgrade ... -
Real options approach for a staged field development with optional wells
Fedorov, Semen; Hagspiel, Verena; Lerdahl, Thomas (Peer reviewed; Journal article, 2021)With the decreasing average size of new discoveries in mature production areas, the uncertainties in the base of oil field investment decisions are continually increasing. Fewer appraisal wells, which allow to decrease the ... -
Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway
Hagspiel, Verena; Hannevik, Jørgen; Lavrutich, Maria; Naustdal, Magnus; Struksnæs, Henrik (Journal article; Peer reviewed, 2017)This paper evaluates the optimal timing to undertake an investment in a post-smolt production facility under both profit and technology uncertainty, using a real options approach. Two multi-factor stochastic models are ... -
Real Options Valuation of Wind Energy Investments in Norway and Sweden: A Case Study
Finjord, Fredrik; Tangen, Marius (Master thesis, 2017)We use the real options approach to examine the investment opportunity of a private investor, both from a Norwegian and Swedish perspective, that holds an option to invest in a renewable energy project. Norway and Sweden ... -
Real options valuation under technological uncertainty: A case study of investment in a post-smolt facility
Naustdal, Magnus; Struksnæs, Henrik; Hannevik, Jørgen (Master thesis, 2015)The Norwegian salmon farming industry is struggling with sea lice and diseases. This makes the authorities reluctant to allow an increase in production despite of a growing demand. A measure which can enable better utilization ... -
Real options with active learning - An approach based on the Kalman filter
Sund, Sebastian (Master thesis, 2020)Selv om tradisjonelle realopsjonsmodeller tar hensyn til usikkerheter i markedet, åpner de ikke for en beslutningstaker som aktivt søker ny informasjon for å lære om fremtidige markedsforhold. Muligheten til å lære fra ...