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Long-Term Risk Management of Nuclear Waste: A Real Options Approach

Abstract : 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.
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Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Thursday, May 19, 2011 - 5:02:12 PM
Last modification on : Monday, February 24, 2020 - 6:11:10 PM


  • HAL Id : hal-00594373, version 1



Henri Loubergé, Stéphane Villeneuve, Marc Chesney. Long-Term Risk Management of Nuclear Waste: A Real Options Approach. 2002. ⟨hal-00594373⟩



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