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Evaluating sustainable retrofits in existing buildings under uncertainty
16 references·16 citing·28 second hopsampled
Evaluating sustainable retrofits in existing buildings under uncertainty (2011)Evaluating sustainable retrofits in exist…Real options: Managerial flexibility and strategy in resource allocation (1996)Real options: Managerial flex…Real Options: Managerial Flexibility and Strategy in Resource Allocation (1996)Real Options: Managerial Flex…The Mathematics of Financial Derivatives (1995)The Mathematics of Financial …Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyOptions, Futures, and Other Derivative Securities. (1990)Options, Futures, and Other D…Time to build, option value, and investment decisions (1987)Time to build, option value, …Investment and the Valuation of Firms When There is an Option to Shut Down (1985)Investment and the Valuation …The Value of Waiting to Invest (1982)The Value of Waiting to InvestOption pricing: A simplified approach (1979)Option pricing: A simplified …THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER (1978)THE VALUE OF AN OPTION TO EXC…THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)THE VALUATION OF RISK ASSETS …The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Equilibrium in a Capital Asset Market (1966)Equilibrium in a Capital Asse…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Sensitivity analysis as support for reliable life cycle cost evaluation applied to eleven nearly zero-energy buildings in Europe (2021)Sensitivity analysis as suppo…Government subsidy strategy for public-private-partnership retrofit buildings in China (2021)Government subsidy strategy f…The role of economic and policy variables in energy-efficient retrofitting assessment. A stochastic Life Cycle Costing methodology (2019)The role of economic and poli…Incentives for green retrofits: An evolutionary game analysis on Public-Private-Partnership reconstruction of buildings (2019)Incentives for green retrofit…Life cycle option appraisal in retrofit buildings (2018)Life cycle option appraisal i…Understanding Stakeholders’ Influence on Project Success with a New SNA Method: A Case Study of the Green Retrofit in China (2017)Understanding Stakeholders’ I…Probabilistic life cycle costing of existing buildings retrofit interventions towards nZE target: Methodology and application example (2017)Probabilistic life cycle cost…Evaluation of energy retrofit in buildings under conditions of uncertainty: The prominence of the discount rate (2017)Evaluation of energy retrofit…Economic feasibility of energy efficiency improvements in street lighting systems in Rome (2017)Economic feasibility of energ…Economic evaluation of building energy retrofits: A fuzzy based approach (2017)Economic evaluation of buildi…Life Cycle Cost Modelling of Buildings with Consideration of the Risk (2016)Life Cycle Cost Modelling of …Key Performance Indicators for Building Condition Assessment (2016)Key Performance Indicators fo…Making optimal investment decisions for energy service companies under uncertainty: A case study (2015)Making optimal investment dec…Decision-making life-cycle cost analysis model for energy-efficient housing retrofits (2015)Decision-making life-cycle co…Strategic design of cost savings guarantee in energy performance contracting under uncertainty (2014)Strategic design of cost savi…Implications and future direction of greenhouse gas emission mitigation policies in the building sector of China (2014)Implications and future direc…Capital Theory and Investment Behavior (1963)Option pricing when underlying stock returns are discontinuous (1976)Irreversibility, Uncertainty, and Cyclical Investment (1980)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Joint Ventures and the Option to Expand and Acquire (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)Dividend Policy, Growth, and the Valuation of Shares (1961)On Persistence in Mutual Fund Performance (1997)The cost of capital, corporation finance and the theory of investment (2008)Theory of Rational Option Pricing (1973)Martingales and stochastic integrals in the theory of continuous trading (1981)Evaluating Natural Resource Investments (1985)Irreversibility, Uncertainty, and Investment (1990)Information, Blockbusters and Stars? A Study of the Film Industry (1997)Real options reasoning and a new look at the R&D investment strategies of pharmaceutical firms (2003)Real options theory in strategic management (2016)An Intertemporal Capital Asset Pricing Model (1973)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)The Cross-Section of Expected Stock Returns (1992)Capital markets research in accounting (2001)
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1975THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]6,743 cited
  • 1979Option pricing: A simplified approach6,103 cited
  • 1966Equilibrium in a Capital Asset Market4,896 cited
  • 1982The Value of Waiting to Invest3,606 cited

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  • 1996Real Options: Managerial Flexibility and Strategy in Resource Allocation2,220 cited
  • 1978THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER1,740 cited
  • 1996Real options: Managerial flexibility and strategy in resource allocation1,241 cited
  • 1990Options, Futures, and Other Derivative Securities.1,227 cited
  • 1995The Mathematics of Financial Derivatives1,037 cited
  • 1987Time to build, option value, and investment decisions912 cited
  • 1985Investment and the Valuation of Firms When There is an Option to Shut Down759 cited
  • Cited by

    • 2019Incentives for green retrofits: An evolutionary game analysis on Public-Private-Partnership reconstruction of buildings125 cited
    • 2017Economic evaluation of building energy retrofits: A fuzzy based approach105 cited
    • 2016Key Performance Indicators for Building Condition Assessment100 cited
    • 2017Evaluation of energy retrofit in buildings under conditions of uncertainty: The prominence of the discount rate99 cited
    • 2017Economic feasibility of energy efficiency improvements in street lighting systems in Rome84 cited
    • 2017Understanding Stakeholders’ Influence on Project Success with a New SNA Method: A Case Study of the Green Retrofit in China70 cited
    • 2014Implications and future direction of greenhouse gas emission mitigation policies in the building sector of China61 cited
    • 2014Strategic design of cost savings guarantee in energy performance contracting under uncertainty56 cited
    • 2016Life Cycle Cost Modelling of Buildings with Consideration of the Risk54 cited
    • 2017Probabilistic life cycle costing of existing buildings retrofit interventions towards nZE target: Methodology and application example54 cited
    • 2021Sensitivity analysis as support for reliable life cycle cost evaluation applied to eleven nearly zero-energy buildings in Europe37 cited
    • 2015Making optimal investment decisions for energy service companies under uncertainty: A case study36 cited
    • 2015Decision-making life-cycle cost analysis model for energy-efficient housing retrofits35 cited
    • 2019The role of economic and policy variables in energy-efficient retrofitting assessment. A stochastic Life Cycle Costing methodology35 cited
    • 2018Life cycle option appraisal in retrofit buildings34 cited
    • 2021Government subsidy strategy for public-private-partnership retrofit buildings in China33 cited