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    • Optimal regime switching under risk aversion and uncertainty 

      Chronopoulos, Michail; Lumbreras Sancho, Sara (2017-01-16)
      Technology adoption is key for corporate strategy, often determining the success or failure of a company as a whole. However, risk aversion often raises the reluctance to make a timely technology switch, particularly when ...

    • Real options valuation applied to transmission expansion planning 

      Lumbreras Sancho, Sara; Bunn, Derek W.; Ramos Galán, Andrés; Chronopoulos, Michail (2016-02-01)
      Transmission expansion planning (TEP) is a complex problem where building a new line involves a long permitting process of around 10 years. Therefore, transmission expansion must anticipate the evolution of uncertainties, ...