Firm investment and financing constraints

2003 ◽  
Vol 9 (3) ◽  
pp. 249-249
Author(s):  
Trevor W. Chamberlain
Keyword(s):  
Financing Constraints ◽  
Firm Investment ◽  
Investment And Financing

How to Apply Dynamic Optimization into Intertemporal Investment

2011 ◽  
Vol 63-64 ◽  
pp. 930-935
Author(s):  
Zhong Qun Wu
Keyword(s):  
Dynamic Programming ◽  
Objective Function ◽  
Dynamic Model ◽  
Dynamic Optimization ◽  
Optimal Decision ◽  
Financing Constraints ◽  
Investment Efficiency ◽  
Intertemporal Optimization ◽  
Investment And Financing ◽  
Optimal Dynamic

The most important feature of cascaded hydropower investment, intertemporal optimization, is neglected to some extent. This paper focuses on how to make an optimal decision on intertemporal investment based on the case of cascaded hydropower. I incorporated intertemporal investment and financing constraints in dynamic programming, and proposed a new objective function. As a result, an intertemporal optimal dynamic model is established. The model highlights the fundamental framework of dynamic programming on cascaded hydropower development. The framework is robustly suitable to improve investment efficiency with respect to intertemporal optimization.

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