{"id":"https://openalex.org/W2123109518","doi":"https://doi.org/10.1155/s1173912698000017","title":"Optimal investment strategies for renewable facilities","display_name":"Optimal investment strategies for renewable facilities","publication_year":1998,"publication_date":"1998-01-01","ids":{"openalex":"https://openalex.org/W2123109518","doi":"https://doi.org/10.1155/s1173912698000017","mag":"2123109518"},"language":"en","primary_location":{"id":"doi:10.1155/s1173912698000017","is_oa":true,"landing_page_url":"https://doi.org/10.1155/s1173912698000017","pdf_url":"https://downloads.hindawi.com/archive/1998/787594.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://downloads.hindawi.com/archive/1998/787594.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052628772","display_name":"Joe Flood","orcid":null},"institutions":[{"id":"https://openalex.org/I2799511909","display_name":"Australian Housing and Urban Research Institute","ror":"https://ror.org/02ptdck34","country_code":"AU","type":"nonprofit","lineage":["https://openalex.org/I2799511909"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Joe Flood","raw_affiliation_strings":["Australian Housing and Urban Research Institute, Level 7, 20 Queen St Melbourne 3000, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Australian Housing and Urban Research Institute, Level 7, 20 Queen St Melbourne 3000, Australia","institution_ids":["https://openalex.org/I2799511909"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5052628772"],"corresponding_institution_ids":["https://openalex.org/I2799511909"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.2600571,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"2","issue":"1","first_page":"3","last_page":"21"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9873999953269958,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9873999953269958,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14138","display_name":"Life Cycle Costing Analysis","score":0.9861000180244446,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.9495000243186951,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/depreciation","display_name":"Depreciation (economics)","score":0.7561153173446655},{"id":"https://openalex.org/keywords/demolition","display_name":"Demolition","score":0.6851258277893066},{"id":"https://openalex.org/keywords/scrap","display_name":"Scrap","score":0.5596184134483337},{"id":"https://openalex.org/keywords/renewable-energy","display_name":"Renewable energy","score":0.5063842535018921},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.4748395085334778},{"id":"https://openalex.org/keywords/present-value","display_name":"Present value","score":0.46831876039505005},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.464600533246994},{"id":"https://openalex.org/keywords/capital-gain","display_name":"Capital gain","score":0.4563787877559662},{"id":"https://openalex.org/keywords/internal-rate-of-return","display_name":"Internal rate of return","score":0.43910861015319824},{"id":"https://openalex.org/keywords/return-on-investment","display_name":"Return on investment","score":0.436428040266037},{"id":"https://openalex.org/keywords/net-present-value","display_name":"Net present value","score":0.4115942120552063},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3752254545688629},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.33785587549209595},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3157188892364502},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.30285120010375977},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.2953966557979584},{"id":"https://openalex.org/keywords/production","display_name":"Production (economics)","score":0.25694596767425537},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.158614844083786},{"id":"https://openalex.org/keywords/civil-engineering","display_name":"Civil engineering","score":0.09333983063697815}],"concepts":[{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.7561153173446655},{"id":"https://openalex.org/C2781469121","wikidata":"https://www.wikidata.org/wiki/Q331483","display_name":"Demolition","level":2,"score":0.6851258277893066},{"id":"https://openalex.org/C192097918","wikidata":"https://www.wikidata.org/wiki/Q917714","display_name":"Scrap","level":2,"score":0.5596184134483337},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.5063842535018921},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4748395085334778},{"id":"https://openalex.org/C6927289","wikidata":"https://www.wikidata.org/wiki/Q1100466","display_name":"Present value","level":2,"score":0.46831876039505005},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.464600533246994},{"id":"https://openalex.org/C2777782279","wikidata":"https://www.wikidata.org/wiki/Q1850816","display_name":"Capital gain","level":2,"score":0.4563787877559662},{"id":"https://openalex.org/C37917861","wikidata":"https://www.wikidata.org/wiki/Q507477","display_name":"Internal rate of return","level":3,"score":0.43910861015319824},{"id":"https://openalex.org/C169549615","wikidata":"https://www.wikidata.org/wiki/Q939134","display_name":"Return on investment","level":3,"score":0.436428040266037},{"id":"https://openalex.org/C181230689","wikidata":"https://www.wikidata.org/wiki/Q192472","display_name":"Net present value","level":3,"score":0.4115942120552063},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3752254545688629},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.33785587549209595},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3157188892364502},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30285120010375977},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2953966557979584},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.25694596767425537},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.158614844083786},{"id":"https://openalex.org/C147176958","wikidata":"https://www.wikidata.org/wiki/Q77590","display_name":"Civil engineering","level":1,"score":0.09333983063697815},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.0},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1155/s1173912698000017","is_oa":true,"landing_page_url":"https://doi.org/10.1155/s1173912698000017","pdf_url":"https://downloads.hindawi.com/archive/1998/787594.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1155/s1173912698000017","is_oa":true,"landing_page_url":"https://doi.org/10.1155/s1173912698000017","pdf_url":"https://downloads.hindawi.com/archive/1998/787594.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7","score":0.44999998807907104}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2123109518.pdf","grobid_xml":"https://content.openalex.org/works/W2123109518.grobid-xml"},"referenced_works_count":27,"referenced_works":["https://openalex.org/W381109734","https://openalex.org/W594750912","https://openalex.org/W630913736","https://openalex.org/W1495634182","https://openalex.org/W1971421683","https://openalex.org/W2001711424","https://openalex.org/W2007913975","https://openalex.org/W2023703059","https://openalex.org/W2037695494","https://openalex.org/W2040715655","https://openalex.org/W2049088815","https://openalex.org/W2060760732","https://openalex.org/W2069849928","https://openalex.org/W2093819712","https://openalex.org/W2096269302","https://openalex.org/W2102354724","https://openalex.org/W2162036467","https://openalex.org/W2278726166","https://openalex.org/W2316870530","https://openalex.org/W2480528974","https://openalex.org/W2795506261","https://openalex.org/W2796695426","https://openalex.org/W3135186239","https://openalex.org/W4240152094","https://openalex.org/W4240511772","https://openalex.org/W4300480117","https://openalex.org/W4300620152"],"related_works":["https://openalex.org/W3216804231","https://openalex.org/W3037899963","https://openalex.org/W2543241503","https://openalex.org/W4285520573","https://openalex.org/W2350103170","https://openalex.org/W4230817343","https://openalex.org/W2614675394","https://openalex.org/W2803932399","https://openalex.org/W2256797771","https://openalex.org/W166627017"],"abstract_inverted_index":{"Although":[0],"a":[1,36,82,100,114,140,162],"large":[2],"literature":[3],"exists":[4],"on":[5,54,62],"the":[6,12,45,51,55,63,71,77,90,93,97,104,111,130,182,187],"repair":[7,59,79,124,173],"and":[8,48,168,171,201],"deterioration":[9],"of":[10,15,50,58,75,92,164,181,204],"machines,":[11],"associated":[13],"problem":[14,74],"maintenance":[16],"schedules":[17],"for":[18,81,161,169],"deteriorating":[19],"renewable":[20,84],"facilities":[21,27],"has":[22,113],"been":[23],"little":[24],"studied.":[25],"These":[26],"include":[28],"all":[29],"those":[30],"which":[31,194],"can":[32],"be":[33,127,145],"restored":[34],"to":[35,123,144,207],"near-new":[37],"state":[38,57],"by":[39,155],"renovation":[40],"or":[41,119,147,157,199],"rebuilding,":[42],"so":[43],"that":[44,89],"market":[46,158],"value":[47,91],"performance":[49],"facility":[52,94,112,131,183],"depends":[53],"current":[56],"rather":[60],"than":[61],"time":[64,188],"since":[65],"initial":[66],"construction.":[67],"This":[68],"paper":[69],"solves":[70],"general":[72],"deterministic":[73],"finding":[76],"optimal":[78,179],"strategy":[80],"depreciating":[83],"facility.":[85],"It":[86],"is":[87,108,184],"shown":[88],"should":[95,126],"approach":[96],"level":[98],"where":[99,137],"function":[101],"defined":[102],"as":[103,129],"\"nett":[105],"internal":[106],"return\"":[107],"greatest.":[109],"If":[110],"finite":[115],"life":[116,180],"before":[117],"sale":[118,142],"demolition,":[120],"an":[121],"adjustment":[122],"strategies":[125],"made":[128],"approaches":[132],"this":[133,138],"time,":[134],"increasing":[135],"repairs":[136,149],"permits":[139],"better":[141],"price":[143],"obtained,":[146],"discontinuing":[148],"if":[150],"they":[151],"are":[152,176],"not":[153],"justified":[154],"scrap":[156],"value.":[159],"Solutions":[160],"range":[163],"common":[165],"depreciation":[166],"functions":[167,175],"linear":[170],"quadratic":[172],"cost":[174,203],"obtained.":[177],"The":[178],"determined":[185],"at":[186],"when":[189],"nett":[190],"\"external\"":[191],"marginal":[192],"return,":[193],"includes":[195],"potential":[196],"capital":[197],"gain":[198],"loss":[200],"opportunity":[202],"capital,":[205],"falls":[206],"zero.":[208]},"counts_by_year":[],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2025-10-10T00:00:00"}