• Investment Decisions with Two-Factor Uncertainty 

      Compernolle, Tine; Huisman, Kuno J.M.; Kort, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Thijssen, Jacco J.J. (Peer reviewed; Journal article, 2021)
      This paper considers investment problems in real options with non-homogeneous two-factor uncertainty. We derive some analytical properties of the resulting optimal stopping problem and present a finite difference algorithm ...
    • Preventing Environmental Disasters in Investment under Uncertainty 

      Kort, P.M.; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos (Peer reviewed; Journal article, 2021)
      The paper considers a firm that has the option to invest in a project with an unknown profitability, which is affected by general market uncertainty. The project has the adverse effect that it can cause environmental damage. ...
    • 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, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Pimentel, Rita (Peer reviewed; Journal article, 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 ...