Browsing NTNU Open by Author "Nunes, Cláudia"

Now showing items 1-8 of 8

    • 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 ...

    • Investment in two alternative projects with multiple switches and the exit option 

      Igor, Kravchenko; Nunes, Cláudia; Oliveira, Carlos (Peer reviewed; Journal article, 2023)
      This paper uses an analytical framework to examine a firm’s investment and switching strategy under uncertainty. The context is the possibility to launch and operate two distinct projects, one at a time, with exposure to ...

    • 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. ...

    • Preventive investment, malfunctions and liability 

      Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Dos Santos Oliveira, Carlos Miguel (Journal article; Peer reviewed, 2023)
      In this paper we study the decision of a firm to undertake a one-time proactive preventive investment to limit the occurrence of future disruptions. The firm is operating in a market with uncertain demand, and its products ...

    • Quasi-analytical solution of an investment problem with decreasing investment cost due to technological innovations 

      Nunes, Cláudia; Oliveira, Carlos; Pimentel, Rita (Peer reviewed; Journal article, 2021)
      In this paper we address, in the context of real options, an investment problem with two sources of uncertainty: the price (reflected in the revenue of the firm) and the level of technology. The level of technology impacts ...

    • The solution to a differential-difference equation arising in optimal stopping of a jump-diffusion process 

      Nunes, Cláudia; Pimentel, Rita; Prior, Ana (Peer reviewed; Journal article, 2022)
      In this paper we present a solution to a second order differential–difference equation that occurs in different contexts, specially in control engineering and finance. This equation leads to an ordinary differential equation, ...

    • 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 ...