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Loubergé, Henri; Villeneuve, Stéphane; Chesney, Marc (2002). Long-term risk management of nuclear waste: a real options approach. Journal of Economic Dynamics and Control, 27(1):157-180.
In this paper, we investigate the optimal timing for deep geological disposal of nuclear waste. Our model is based on the real options approach to investment under uncertainty. In this context, the problem is similar to the optimal exercise policy for a perpetual American spread option. The potential usefulness of such a model for actual decision-making on a sensitive issue is illustrated by some numerical simulations.
| Item Type: | Journal Article, refereed, original work |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Finance |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Social Sciences & Humanities > Economics and Econometrics
Physical Sciences > Control and Optimization Physical Sciences > Applied Mathematics |
| Uncontrolled Keywords: | Risk management, optimal stopping, real and American options |
| Scope: | Discipline-based scholarship (basic research) |
| Language: | English |
| Date: | November 2002 |
| Deposited On: | 05 Sep 2023 07:43 |
| Last Modified: | 21 Jun 2025 03:40 |
| Publisher: | Elsevier |
| ISSN: | 0165-1889 |
| OA Status: | Closed |
| Publisher DOI: | https://doi.org/10.1016/S0165-1889(01)00058-6 |
| Other Identification Number: | merlin-id:13226 |
Loubergé, Henri