{"product_id":"real-options-and-sustainable-transport-9786131553615","title":"Real options and sustainable transport","description":"\u003cp\u003e • Author(s): Salahaldin-L\u003cbr\u003e • Publisher: Omniscriptum\u003cbr\u003e • Publisher Imprint: Omniscriptum\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003eIn this book, we study the problem of investing in sustainable transport to relieve air pollution. In such a case, the growth of the city population is the major source of uncertainty, as a high population density increases pollution and, on the other hand, makes a big transportation project necessary. Using the real options method, we show how to maximize inter-generational utility when the population grows stochastically. In a second step, we study the same problem of investing in sustainable transport under both population-growth and investment cost uncertainties. In such a case, the growth of the city population increases the demand for a sustainable transport by increasing pollution, and, in the same time, the investment cost is decreasing stochastically with time. This corresponds to a hydrogen fuel infrastructure construction, whose cost is stochastically decreasing due to the worldwide R\u0026amp;D effort. Using the real options method, we show how to maximize inter-generational utility by choosing the optimal time to invest.\u003c\/p\u003e","brand":"Atlantic Books","offers":[{"title":"Paperback","offer_id":46473015459991,"sku":"9786131553615","price":8514.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9786131553615.jpg?v=1766258155","url":"https:\/\/atlanticbooks.com\/products\/real-options-and-sustainable-transport-9786131553615","provider":"Atlantic Books","version":"1.0","type":"link"}