Strategic real option and flexibility analysis for nuclear power plants considering uncertainty in electricity demand and public acceptance

[1]  R Bellman,et al.  On the Theory of Dynamic Programming. , 1952, Proceedings of the National Academy of Sciences of the United States of America.

[2]  S. Ross,et al.  Option pricing: A simplified approach☆ , 1979 .

[3]  Sheldon M. Ross,et al.  Stochastic Processes , 2018, Gauge Integral Structures for Stochastic Calculus and Quantum Electrodynamics.

[4]  B. Kamrad,et al.  Multinomial Approximating Models for Options with k State Variables , 1991 .

[5]  Eduardo S. Schwartz,et al.  Investment Under Uncertainty. , 1994 .

[6]  L. Trigeorgis.  Real Options: Managerial Flexibility and Strategy in Resource Allocation , 1996 .

[7]  Wei Chen,et al.  A Probabilistic-Based Design Model for Achieving Flexibility in Design , 1999 .

[8]  Leonard J. Tashman,et al.  Out-of-sample tests of forecasting accuracy: an analysis and review , 2000 .

[9]  M. Chesney,et al.  Long-term risk management of nuclear waste: a real options approach , 2002 .

[10]  M. Golay.  On Social Acceptance of Nuclear Power , 2001 .

[11]  Olivier L. de Weck,et al.  Staged Deployment of Communications Satellite Constellations in Low Earth Orbit , 2004, J. Aerosp. Comput. Inf. Commun..

[12]  Eun Suk Suh,et al.  Flexible product platforms: framework and case study , 2007, DAC 2006.

[13]  G. Rothwell.  A real options approach to-evaluating new nuclear power plants , 2006 .

[14]  Public Acceptance of Nuclear Power-Some Ethical Issues , 2007 .

[15]  Daniel E. Hastings,et al.  Measuring the Value of Flexibility in Space Systems: A Six-Element Framework: Regular Papers , 2007 .

[16]  Daniel E. Hastings,et al.  Measuring the Value of Flexibility in Space Systems: A Six‐Element Framework , 2007, Syst. Eng..

[17]  Osman Alp,et al.  Tactical capacity management under capacity flexibility , 2008 .

[18]  Daniel E. Hastings,et al.  Defining changeability: Reconciling flexibility, adaptability, scalability, modifiability, and robustness for maintaining system lifecycle value , 2008, Syst. Eng..

[19]  Daniel E. Hastings,et al.  Defining changeability: Reconciling flexibility, adaptability, scalability, modifiability, and robustness for maintaining system lifecycle value , 2008 .

[20]  Afzal S. Siddiqui,et al.  How to Proceed with Competing Alternative Energy Technologies: A Real Options Analysis , 2009 .

[21]  M. Abdelhamid,et al.  A real options approach to investing in the first nuclear power plant under cost uncertainty: comparison with natural gas power plant for the Tunisian case , 2009 .

[22]  Joseph H. Saleh,et al.  Flexibility: a multi-disciplinary literature review and a research agenda for designing flexible engineering systems , 2009 .

[23]  W. Nuttall,et al.  Is nuclear power inflexible , 2009 .

[24]  I. Kessides.  Nuclear Power: Understanding the Economic Risks and Uncertainties , 2010 .

[25]  Richard de Neufville,et al.  Flexibility in Engineering Design , 2011 .

[26]  D. L. Woodruff,et al.  Modeling and solving a large-scale generation expansion planning problem under uncertainty , 2011 .

[27]  J. Jiao.  Product platform flexibility planning by hybrid real options analysis , 2012 .

[28]  Michel-Alexandre Cardin,et al.  Minimising the economic cost and risk to accelerator-driven subcritical reactor technology: The case of designing for flexibility: Part 1 , 2012 .

[29]  Paul L. Joskow,et al.  The Future of Nuclear Power After Fukushima , 2012 .

[30]  Michel-Alexandre Cardin,et al.  Minimizing the economic cost and risk to Accelerator-Driven Subcritical Reactor technology. Part 2: The case of designing for flexibility , 2012 .

[31]  Lei Zhu.  A simulation based real options approach for the investment evaluation of nuclear power , 2012, Comput. Ind. Eng..

[32]  Yosep Song,et al.  Risk communication in South Korea: Social acceptance of nuclear power plants (NPPs) , 2013 .

[33]  S. Kidd.  Nuclear power – Economics and public acceptance , 2013 .

[34]  A. Mol,et al.  Public participation and trust in nuclear power development in China , 2013 .

[35]  Yang Liu,et al.  Effect of the Fukushima nuclear accident on the risk perception of residents near a nuclear power plant in China , 2013, Proceedings of the National Academy of Sciences.

[36]  Cornelis W. Oosterlee,et al.  Construction strategies and lifetime uncertainties for nuclear projects: A real option analysis , 2013 .

[37]  Cornelis W. Oosterlee,et al.  Valuing modular nuclear power plants in finite time decision horizon , 2013 .

[38]  P. John Clarkson,et al.  A technique to assess the changeability of complex engineering systems , 2013 .

[39]  C. Oosterlee,et al.  Decision-support tool for assessing future nuclear reactor generation portfolios , 2014 .

[40]  W. Nuttall,et al.  The siting of UK nuclear reactors , 2014, Journal of radiological protection : official journal of the Society for Radiological Protection.

[41]  Michel-Alexandre Cardin,et al.  Enabling Flexibility in Engineering Systems: A Taxonomy of Procedures and a Design Framework , 2014 .

[42]  G. Locatelli,et al.  Load following with Small Modular Reactors : a real option analysis , 2014 .

[43]  D. McGowan,et al.  Iodine-131 monitoring in sewage plant outflow , 2014, Journal of radiological protection : official journal of the Society for Radiological Protection.

[44]  Eswaran Subrahmanian,et al.  Managing and supporting product life cycle through engineering change management for a complex product , 2015 .

[45]  M. Arnaud.  Nuclear power in China , 2015 .

[46]  B. Taebi,et al.  The socio-technical challenges of nuclear power production and waste management in the post-Fukushima era: editors’ overview , 2015 .

[47]  Jianxi Luo,et al.  A simulation-based method to evaluate the impact of product architecture on product evolvability , 2015 .

[48]  Giorgio Locatelli,et al.  Load following with Small Modular Reactors (SMR): A real options analysis , 2015 .

[49]  Michel-Alexandre Cardin,et al.  Generating flexibility in the design of engineering systems to enable better sustainability and lifecycle performance , 2015 .

[50]  Michel-Alexandre Cardin,et al.  Analyzing the Tradeoffs Between Economies of Scale, Time-Value of Money, and Flexibility in Design Under Uncertainty: Study of Centralized Versus Decentralized Waste-to-Energy Systems , 2016 .

[51]  Michel-Alexandre Cardin,et al.  An approach for analyzing and managing flexibility in engineering systems design based on decision rules and multistage stochastic programming , 2017 .