The municipal utilities of Basel (IWB) are in the process of building a 30 MW wood-fired CHP plant in the city of Basel, a project idea that was initially propelled by visionaries from the forest sector. The plant is attractive both politically and from a business perspective, as several goals...

We conceptualize and model the decision-making problem of an industrial investor having the choice to adopt either some cogeneration or some heat-only generating technology, or a combination of the two. The deterministic model suggested is specified in continuous time, takes a lifetime...

In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial firm that wants to invest in a process technology. More specifically, the decision is between making an irreversible investment in a combined heat-and-power production...