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Risk adjusted discounted cash flows in capacity expansion models

Authors :
Yves Smeers
Andreas Ehrenmann
Source :
Mathematical Programming. 140:267-293
Publication Year :
2013
Publisher :
Springer Science and Business Media LLC, 2013.

Abstract

This paper addresses a problem that is typical of multi-period capacity expansion equilibrium models: plants or sectors have different risk exposures that may warrant different costs of capital. The paper examines modifications of a capacity expansion model interpreted in equilibrium terms to account for asset-specific costs of capital

Details

ISSN :
14364646 and 00255610
Volume :
140
Database :
OpenAIRE
Journal :
Mathematical Programming
Accession number :
edsair.doi...........ea3a71a7e253bd99c9cbd805aaa9f1a2