This paper aims at serving as a critical analysis of Real Options (RO) methodologies that
have so far been applied to the flexible evaluation of smart grid developments and as a …

This article considers investment decisions within an uncertain dynamic and duopolistic
framework. Each investment decision involves to determine the timing and the capacity …

Microgrid usually associated with distributed renewable energy sources plays a key role in
reducing the requirement of traditional power sources and the emission of CO2. Connecting …

We study the optimal firms' strategies in an R&D oligopoly environment for different types of
cooperative agreements under fuzzy uncertainty about the effects of cooperation. We …

The traditional practice of value-driven engineering and systems design is mainly based on
net present values (NPVs). It is essentially enacted as a budgetary technique that neglects …

In this paper, we study Nash equilibria for real R&D options in a context of non-cooperative
oligopoly under fuzzy uncertainty in market shares and revealed information. In particular …

Motivated by dramatic and unpredictable technological advances in energy production (for
instance drilling and extraction of shale oil), we extend Cournot models of competition to …

This paper studies the value and optimal timing for investment in finite-lived monopolies,
extending the literature on real option games by considering the cases of random and …

Discusses the importance of the decision-making process over the decisions themselves.
Factors behind the acceptance of conventional wisdom by some people and organizations; …

We consider the strategic interaction between two firms competing for the opportunity to
invest in a project with uncertain future values. Starting in complete markets, we provide a …