Browsing NTNU Open by Author "Sendstad, Lars Hegnes"
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Kalman filter approach to real options with active learning
Sund, Sebastian; Sendstad, Lars Hegnes; Thijssen, Jacco J.J. (Peer reviewed; Journal article, 2022)Technological innovations often create new markets and this gives incentives to learn about their associated profitabilities. However, this decision depends not only on the underlying uncertain profitability, but also on ... -
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 ... -
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 ... -
Sequential investment in renewable energy technologies under policy uncertainty
Sendstad, Lars Hegnes; Chronopoulos, Michail (Journal article; Peer reviewed, 2019)Although innovation and support schemes are among the main forces that drive investment in renewable energy (RE) technologies, both involve considerable uncertainty. We develop a real options framework to analyse the impact ... -
Strategic technology switching under risk aversion and uncertainty
Sendstad, Lars Hegnes; Chronopoulos, Michail (Peer reviewed; Journal article, 2020)Firms devising green investment strategies within a deregulated environment must take into account not only economic and technological uncertainty, but also strategic interactions due to competition. Also, further ... -
Valuation of Single and Multiple Forest Rotations Under Stochastic Prices: A Real Options Approach
Jensen, Sondre (Master thesis, 2020)Denne artikkelen presenterer en realopsjonsmodell for verdsettelse innen skogbruk. Et trinomisk tre anvendes for å tilnærme stokastiske tømmerpriser, og dynamisk programmering benyttes for å beregne verdien av et skogområde ...