Optimal investment and location decisions of a firm in a flood risk area using impulse control theory
Author
Abstract
Suggested Citation
DOI: 10.1007/s10100-018-0532-0
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Grames, Johanna & Grass, Dieter & Kort, Peter M. & Fürnkranz-Prskawetz, Alexia, 2017. "Optimal investment and location decisions of a firm in a flood risk area using Impulse Control Theory," ECON WPS - Working Papers in Economic Theory and Policy 01/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
References listed on IDEAS
- Grass, D. & Chahim, M., 2012. "Numerical Algorithms for Deterministic Impulse Control Models with Applications," Other publications TiSEM 1295ac64-8704-4e47-ae89-b, Tilburg University, School of Economics and Management.
- Barucci, Emilio, 1998. "Optimal Investments with Increasing Returns to Scale," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 789-808, August.
- Chahim, Mohammed & Hartl, Richard F. & Kort, Peter M., 2012. "A tutorial on the deterministic Impulse Control Maximum Principle: Necessary and sufficient optimality conditions," European Journal of Operational Research, Elsevier, vol. 219(1), pages 18-26.
- Peter Zwaneveld & Gerard Verweij, 2014. "Safe Dike Heights at Minimal Costs: An Integer Programming Approach," CPB Discussion Paper 277, CPB Netherlands Bureau for Economic Policy Analysis.
- Peter Zwaneveld & Gerard Verweij, 2014. "Safe Dike Heights at Minimal Costs: An Integer Programming Approach," CPB Discussion Paper 277.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Grass, D. & Chahim, M., 2012. "Numerical Algorithms for Deterministic Impulse Control Models with Applications," Discussion Paper 2012-081, Tilburg University, Center for Economic Research.
- Grames, Johanna & Prskawetz, Alexia & Grass, Dieter & Viglione, Alberto & Blöschl, Günter, 2016.
"Modeling the interaction between flooding events and economic growth,"
Ecological Economics, Elsevier, vol. 129(C), pages 193-209.
- Grames, Johanna & Prskawetz, Alexia & Grass, Dieter & Viglione, Alberto & Blöschl, Günter, 2015. "Modelling the interaction between flooding events and economic growth," ECON WPS - Working Papers in Economic Theory and Policy 04/2015, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
- Carel Eijgenraam & Ruud Brekelmans & Dick den Hertog & Kees Roos, 2017. "Optimal Strategies for Flood Prevention," Management Science, INFORMS, vol. 63(5), pages 1644-1656, May.
- Lumpkin, G. T. & Dess, Gregory G., 2001. "Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle," Journal of Business Venturing, Elsevier, vol. 16(5), pages 429-451, September.
- Carel Eijgenraam & Jarl Kind & Carlijn Bak & Ruud Brekelmans & Dick den Hertog & Matthijs Duits & Kees Roos & Pieter Vermeer & Wim Kuijken, 2014. "Economically Efficient Standards to Protect the Netherlands Against Flooding," Interfaces, INFORMS, vol. 44(1), pages 7-21, February.
- R. Collenteur & H. Moel & B. Jongman & G. Di Baldassarre, 2015. "The failed-levee effect: Do societies learn from flood disasters?," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 76(1), pages 373-388, March.
- Andrea Leiter & Harald Oberhofer & Paul Raschky, 2009. "Creative Disasters? Flooding Effects on Capital, Labour and Productivity Within European Firms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(3), pages 333-350, July.
- Alistair Hunt & Paul Watkiss, 2011. "Climate change impacts and adaptation in cities: a review of the literature," Climatic Change, Springer, vol. 104(1), pages 13-49, January.
- Anne Veen & Christiaan Logtmeijer, 2005. "Economic Hotspots: Visualizing Vulnerability to Flooding," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 36(1), pages 65-80, September.
- Russell Davidson & Richard Harris, 1981. "Non-Convexities in Continuous Time Investment Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 235-253.
- Dieter Grass & Richard F. Hartl & Peter M. Kort, 2012. "Capital Accumulation and Embodied Technological Progress," Journal of Optimization Theory and Applications, Springer, vol. 154(2), pages 588-614, August.
- Paulo B. Brito, 2022.
"The dynamics of growth and distribution in a spatially heterogeneous world,"
Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(3), pages 311-350, September.
- Paulo Brito, 2004. "The Dynamics of Growth and Distribution in a Spatially Heterogeneous World," Working Papers Department of Economics 2004/14, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- David Nortes Martínez & Frédéric Grelot & Pauline Bremond & Stefano Farolfi & Juliette Rouchier, 2021. "Are interactions important in estimating flood damage to economic entities? The case of wine-making in France," Post-Print hal-03609616, HAL.
- Elise Rosario & Begoña Vitoriano & Gerhard-Wilhelm Weber, 2020. "Editorial: OR for sustainable development," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(4), pages 1179-1186, December.
- Reinhard Neck, 2020. "CEJOR special issue: dynamic optimization in management and economics," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 367-369, June.
- Sadana, Utsav & Reddy, Puduru Viswanadha & Zaccour, Georges, 2021. "Nash equilibria in nonzero-sum differential games with impulse control," European Journal of Operational Research, Elsevier, vol. 295(2), pages 792-805.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- M. Chahim & D. Grass & R. F. Hartl & P. M. Kort, 2017.
"Product innovation with lumpy investment,"
Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 25(1), pages 159-182, March.
- Chahim, M. & Grass, D. & Hartl, R.F. & Kort, P.M., 2012. "Product Innovation with Lumpy Investment," Discussion Paper 2012-074, Tilburg University, Center for Economic Research.
- Peter Zwaneveld & Gerard Verweij, 2018. "Economic Decision Problems in Multi-Level Flood Prevention: a new graph-based approach used for real world applications," CPB Discussion Paper 380.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- M. Chahim & D. Grass & R. F. Hartl & P. M. Kort, 2017.
"Product innovation with lumpy investment,"
Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 25(1), pages 159-182, March.
- Chahim, M. & Grass, D. & Hartl, R.F. & Kort, P.M., 2012. "Product Innovation with Lumpy Investment," Discussion Paper 2012-074, Tilburg University, Center for Economic Research.
- Chahim, M. & Grass, D. & Hartl, R.F. & Kort, P.M., 2012. "Product Innovation with Lumpy Investment," Other publications TiSEM f68a548c-8246-4e8c-bc75-8, Tilburg University, School of Economics and Management.
- Chahim, M. & Grass, D. & Hartl, R.F. & Kort, Peter M., 2017. "Product innovation with lumpy investment," Other publications TiSEM 54873dcf-e1ea-442a-8c1f-b, Tilburg University, School of Economics and Management.
- Peter Zwaneveld & Gerard Verweij, 2018. "Economic Decision Problems in Multi-Level Flood Prevention: a new graph-based approach used for real world applications," CPB Discussion Paper 380, CPB Netherlands Bureau for Economic Policy Analysis.
- Sadana, Utsav & Reddy, Puduru Viswanadha & Zaccour, Georges, 2021. "Nash equilibria in nonzero-sum differential games with impulse control," European Journal of Operational Research, Elsevier, vol. 295(2), pages 792-805.
- Postek, Krzysztof & den Hertog, Dick & Kind, J. & Pustjens, Chris, 2016. "Adjustable Robust Strategies for Flood Protection," Discussion Paper 2016-038, Tilburg University, Center for Economic Research.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2001.
"Dynamic Investment Behavior Taking into Account Ageing of the Capital Good,"
Other publications TiSEM
1e12e7c6-11c2-4632-a8e2-1, Tilburg University, School of Economics and Management.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2004. "Dynamic investment behavior taking into account ageing of the capital good," Other publications TiSEM 3fc960b5-8f69-4008-a3e4-4, Tilburg University, School of Economics and Management.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2001. "Dynamic Investment Behavior Taking into Account Ageing of the Capital Good," Discussion Paper 2001-13, Tilburg University, Center for Economic Research.
- Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F. & Feichtinger, Gustav, 2003.
"A DNS-curve in a two-state capital accumulation model: a numerical analysis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 701-716, February.
- Haunschmied, J.L. & Kort, P.M. & Hartl, R.F. & Feichtinger, G., 2003. "A DNS-curve in a two-state capital accumulation model : A numerical analysis," Other publications TiSEM 3c849711-428b-42d8-972d-5, Tilburg University, School of Economics and Management.
- Caulkins, Jonathan P. & Feichtinger, Gustav & Grass, Dieter & Hartl, Richard F. & Kort, Peter M., 2011. "Two state capital accumulation with heterogenous products: Disruptive vs. non-disruptive goods," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 462-478, April.
- Alessio Ciullo & Jan H. Kwakkel & Karin M. De Bruijn & Neelke Doorn & Frans Klijn, 2020. "Efficient or Fair? Operationalizing Ethical Principles in Flood Risk Management: A Case Study on the Dutch‐German Rhine," Risk Analysis, John Wiley & Sons, vol. 40(9), pages 1844-1862, September.
- Grames, Johanna & Prskawetz, Alexia & Grass, Dieter & Viglione, Alberto & Blöschl, Günter, 2016.
"Modeling the interaction between flooding events and economic growth,"
Ecological Economics, Elsevier, vol. 129(C), pages 193-209.
- Grames, Johanna & Prskawetz, Alexia & Grass, Dieter & Viglione, Alberto & Blöschl, Günter, 2015. "Modelling the interaction between flooding events and economic growth," ECON WPS - Working Papers in Economic Theory and Policy 04/2015, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
- Dockner, Engelbert J. & Hartl, Richard F. & Kort, Peter M., 2019. "Dynamic capital structure choice and investment timing," Journal of Economic Dynamics and Control, Elsevier, vol. 102(C), pages 70-80.
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2006. "Capital accumulation under technological progress and learning: A vintage capital approach," European Journal of Operational Research, Elsevier, vol. 172(1), pages 293-310, July.
- den Heijer, Frank & Kok, Matthijs, 2024. "Risk-based portfolio planning of dike reinforcements," Reliability Engineering and System Safety, Elsevier, vol. 242(C).
- Postek, Krzysztof & den Hertog, Dick & Kind, J. & Pustjens, Chris, 2016. "Adjustable Robust Strategies for Flood Protection," Other publications TiSEM 6e85c2ff-32dd-4c7e-8d95-a, Tilburg University, School of Economics and Management.
- Klerk, Wouter Jan & Kanning, Wim & Kok, Matthijs & Wolfert, Rogier, 2021. "Optimal planning of flood defence system reinforcements using a greedy search algorithm," Reliability Engineering and System Safety, Elsevier, vol. 207(C).
- R. F. Hartl & P. M. Kort & G. Feichtinger & F. Wirl, 2004. "Multiple Equilibria and Thresholds Due to Relative Investment Costs," Journal of Optimization Theory and Applications, Springer, vol. 123(1), pages 49-82, October.
- Aida Abiad & Sander Gribling & Domenico Lahaye & Matthias Mnich & Guus Regts & Lluis Vena & Gerard Verweij & Peter Zwaneveld, 2018. "On the complexity of solving a decision problem with flow-depending costs: the case of the IJsselmeer dikes," Papers 1804.09752, arXiv.org.
- S. Arunachalam & Sridhar N. Ramaswami & Pol Herrmann & Doug Walker, 2018. "Innovation pathway to profitability: the role of entrepreneurial orientation and marketing capabilities," Journal of the Academy of Marketing Science, Springer, vol. 46(4), pages 744-766, July.
- Abiodun Tope Samson, 2015. "The Impact of Entrepreneurial Orientation, Reconfiguring Capability and Moderation of Environmental Turbulence on Export Performance of SMEs in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 7(3), pages 76-87.
More about this item
Keywords
Optimal investment; Location choice; Flood; Socio-hydrology; Impulse control theory; Sustainability;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:cejnor:v:27:y:2019:i:4:d:10.1007_s10100-018-0532-0. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.