Browsing NTNU Open by Author "Hagspiel, Verena"
Now showing items 21-36 of 36
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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 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 ... -
Smoother harvest of farmed salmon, value-adding or costly?: Investigating the consequences for the different players in the industry
Næss-Ulseth, Frida; Nesse, Anja Graff (Master thesis, 2014)About 60% of the world s salmon production is farmed. Supply of Atlantic salmon has more than doubled since 2000 with an annual growth of 7%. The EU and the US are by far the largest markets for Atlantic salmon. However, ... -
Stepwise Green Investment under Policy Uncertainty
Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Journal article; Peer reviewed, 2016)We analyse how market price and policy uncertainty, in the form of random provision or retraction of a subsidy, interact to affect the optimal time of Investment and the size of a renewable energy (RE) project that can be ... -
Stepwise investment and capacity sizing under uncertainty
Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Journal article; Peer reviewed, 2016)The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ... -
Switching from Oil to Gas Production in a Depleting Field
Støre, Kristian; Fleten, Stein-Erik; Hagspiel, Verena; Nunes, Cláudia (Journal article; Peer reviewed, 2018)We derive an optimal decision rule with regards to making an irreversible switch from oil to gas production. The approach can be used by petroleum field operators to maximize the value creation from a petroleum field with ... -
Technology adoption in a declining market
Hagspiel, Verena; Huisman, Kuno J.M.; Kort, P.M.; Lavrutich, Maria; Nunes, Clàudia; Pimentel, Rita (Journal article; Peer reviewed, 2020)Rapid technological developments are inducing the shift in consumer demand from existing products towards new alternatives. When operating in a declining market, the profitability of incumbent firms is largely dependent ... -
The impact of Norwegian-Swedish green certificate scheme on investment behavior: A wind energy case study
Finjord, Fredrik; Hagspiel, Verena; Lavrutich, Maria; Tangen, Marius (Journal article; Peer reviewed, 2018)In order to encourage investments in the most cost-effective renewable energy projects, Norway and Sweden have implemented a joint green certificate subsidy system, where the certificates are traded on a common market. The ... -
Transmission and Power Generation Investment under Uncertainty
Midttun, Nora Sunde; Sletten, Jannicke Soløy (Master thesis, 2015)Regulated transmission system operators, (TSOs), need to anticipate generation capacity additions and accommodate future growth when building transmission lines. Given the last decades' deregulation of the European power ... -
Valuation and Risk Management of Paid-up Policies
Espedokken, Bjarte Knutsen; Sørtveit, Erlend Gjerdevik (Master thesis, 2019)Fallende markedsrenter har ført til en markant reduksjon i lønnsomheten og økt risikoen på pensjonsprodukter med en garantert, årlig avkastning. I Norge er fripoliser et eksempel på et slikt produkt, og utgjør mer enn 300 ... -
Valuation and Risk Management of Paid-up Policies
Espedokken, Bjarte Knutsen; Sørtveit, Erlend Gjerdevik (Master thesis, 2019)Fallende markedsrenter har ført til en markant reduksjon i lønnsomheten og økt risikoen på pensjonsprodukter med en garantert, årlig avkastning. I Norge er fripoliser et eksempel på et slikt produkt, og utgjør mer enn 300 ... -
Valuing Supply-Chain Responsiveness under Demand Jumps
Bicer, Isik; Hagspiel, Verena; De Treville, Suzanne (Journal article; Peer reviewed, 2018)As the time between the decision about what to produce and the moment when demand is observed (the decision lead time) increases, the demand forecast becomes more uncertain. Uncertainty can increase gradually in decision ...