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Irrigation channels are large, spatially distributed structures in which wave propagation phenomena occur. Due to this, when control design is based on lumped parameter approximation models, the interaction among different sections has to be taken into account. On the other way, multivariable control demands the centralization of the information provided by(More)
We derive the optimal investment timing and real option value for a renewable energy facility with price and quantity uncertainty, where there might be a government subsidy proportional to the quantity of production. We also consider the possibility that the subsidy is retracted sometime subsequent to the investment. The easiest case is where the subsidy is(More)
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