1,721,166 research outputs found
Data Envelopment Analysis to Evaluate Photovoltaic Plants in Italy
No full textThe growing concern in the negative effects of fossil fuels on the environment and the heavy dependency on fossil fuels imports has forced many countries to use renewable energy sources. The Kyoto Protocol and the EU policies are examples of political goals fostering the use of these green sources. In this paper the efficiency of photovoltaic technology is evaluated with Data Envelopment Analysis in Italy considering installed power capacity, solar irradiation, investment and operating costs as inputs and energy intensity and the CO2 avoided as outputs; the more and the less efficient region is selected and an accurate analysis of the obtained results is outlined. The policy implications of the obtained results conclude the paper
Information technology and collaboration tools within the e-supply chain management of the aviation industry
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Switch Option: Managing Strategic Investment in an uncertain world
No full textIt is widely accepted in literature that an increase in uncertainty should have an inhibiting effect on investment results. This paper shows that the concept of a negative ‘uncertainty – investment’ relationship is not always
correct. In fact, the uncertainty can actually have a positive impact on investment by means of the real options approach. In this context, this paper deals with a theory useful to increase the performance of a Supply Chain (SC) operating in today’s business environment full of uncertainty. Focusing the attention on a specific network two factors are assumed as the main sources of uncertainty: demand and technology change. A switch option is used to develop a new framework to quantify and maximise the expected Net Present Value (NPV). A numerical example and a sensitivity analysis of the option value are finally presented
Real Option Approach for the Management of a new Product Development in the Pharmaceutical Sector
No full text"The main scope of this paper is to perform a real options analysis that is often recommended as an emerging valuation technique for high-risk investment projects. The pharmaceutical sector is a sector where the real option can be positively applied to incorporate the flexibility and the risks of the new product development. In this paper the real option theory is applied to a pharmaceutical company that is developing a particular new product. Due to the uncertain nature of the new product development, it can be strategic to evaluate the real option benefits for the investment under analysis.
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