Alumni Association
Afzal Saeed Siddiqui (University College London)
14 November 2011
Joint Research Project
Project title: Distributed generation capacity choice under competition, uncertainty, and operational flexibility
Japanese Lead Scientist: Professor Ryuta Takashima, Faculty of Social Science, Chiba Institute of Technology
UK Counterpart: Afzal Saeed Siddiqui, Department of Statistical Science, University College London
Project Duration: 2010 to 2011
The basis of the project is to address how the impact of competition in a deregulated industry can be mitigated if firms make decisions sequentially. In effect, by investing in a step-wise manner, a typical firm may be able to respond better to market uncertainties. We show conditions under which sequential investment is valuable for a duopolistic firm.
Those involved include the Department of Statistical Science, University College London and Department of Risk Science in Finance and Management, Chiba Institute of Technology.
The collaboration started when principal researchers met at the Real Options Conference in Berkeley, CA, USA during 2007.
The amount of money awarded was £2625 for UCL and an equivalent amount for the Chiba Institute of Technology.
We benefitting from this funding by having the opportunity to work together to complete a paper, which has been presented at two conferences and numerous seminars. It has just been submitted to a journal for peer review.
Besides the points mentioned above, we also plan to collaborate in the future on risk management in the nuclear energy sector and we will probably apply for further Bilateral Research Funding from the BA and JSPS to do this.
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