This study presents a policy benefit evaluation model that integrates cost efficiency curve information on renewable power generation technologies into real options analysis (ROA) methods. The proposed model evaluates quantitatively the policy value provided by developing renewable energy (RE)...

Global warming and climate change have shifted the focus of industrial development towards low-carbon renewable energy (RE), as evidence by global efforts to develop RE-based sustainable energy policies. However, the generally cost-ineffective nature of RE investments explains continued...

Variate generation algorithms for lifetimes when survival models incorporate time dependent covariates are presented. These algorithms are closed form for special cases of the function that links the covariate values to the survivor distribution. These algorithms are illustrated by several examples.