New! Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning, O. Noshchenko and V. Hagspiel, Energy, Volume 295, 2024

New! Evaluation of tieback developments for marginal oil fields with timing flexibility, S. Fedorov, V. Hagspiel, R. W.H. Rogstad, S. Haseldonckx, J. H. Haugsgjerd, A. Rønning,
Energy Economics, Volume 131, 2024, 107344

New! Company level biodiversity impact assessment: An application to the aquaculture industry in Norway, V. Hagspiel, M. B. Jansen, Markus Bjørkli, M. Lavrutich, G. Nepstad, Gaute, Marine policy, Volume 159, 2024, 105899

New! How damaging are environmental policy targets in terms of welfare?, S. Bigerna, Simona, V. Hagspiel, P.M. Kort, Xingang Wen, European Journal of Operational Research, Volume 311, Issue 1, 16 November 2023, Pages 354-372

New! Transmission investment under uncertainty: Reconciling private and public incentives, Maria Lavrutich, Verena Hagspiel, Afzal Siddiqui, European Journal of Operational Research, Volume 304, Issue 3, 1 February 2023, Pages 1167-1188

Price stress testing in offshore oil field development planning,
G. Lei, V. Hagspiel, M. Stanko, Energy, Volume 263, Part D, 15 January 2023

Risk and benefit sharing schemes in oil exploration and production,
S. Fedorov, V. Hagspiel, M. Lavrutich, T. Lerdahl, Energy Economics, Volume 116, December 2022

Sequential Production of Two Oil Fields with an Option to Switch,
S. Fedorov, M. N. Amar, V. Hagspiel, T. Lerdahl, Journal of Petroleum Science and Engineering, Volume 218, November 2022, 110933

Transmission investment under uncertainty: Reconciling private and public incentives,
M. Lavrutich, V. Hagspiel, A. S. Siddiqui, European Journal of Operational Research, Volume 304, Issue 3, 1 February 2023, Pages 1167-1188

 The impact of subsidy retraction on European renewable energy investments,
L. H. Sendstad, V. Hagspiel, W. J. Mikkelsen, R. Ravndal, and M. Tveitstøl, Energy Policy, Volume 160, 2022

Stepwise Investment in Circular Plastics under the Presence of Policy Uncertainty,
L. De Weerdt, T. Compernolle, V. Hagspiel, P. M. Kort, C. Oliveira, Environmental and Resource Economics, 2021

Policy uncertainty in Scandinavian countries,
E. J. V. Ifwarsson, L. E. Kleiven, L. H. Sendstad, V. Hagspiel, Economics Letters, Volume 209, 2021

Mothballing in a Duopoly: Evidence from a (Shale) Oil Market,
N. Comincioli, V. Hagspiel, Peter M. Kort, F. Menoncin, R. Miniaci and S. Vergalli, Energy Economics, Volume 104, 2021

Real options approach for a staged field development with optional wells,
S. Fedorov, V. Hagspiel and T. Lerdahl, Journal of Petroleum Science and Engineering, Volume 205, 2021

Green Capacity Investment under Subsidy Withdrawal Risk,
R. L. G. Nagy, V. Hagspiel, and P. M. Kort, Energy Economics, Volume 98, 2021

Optimal Risk Adoption and Capacity Investment in Disruptive Innovations,
L. H. Sendstad, M. Chronopoulos and V. Hagspiel, 2021, IEEE Transactions on Engineering Management

Capacity Optimization for Innovating Firms,
V. Hagspiel, P. M. Kort, C. Nunes, R. Pimentel and K. Støre, International Journal of Production Economics, Volume 233, 2021

Green investment under time-dependent subsidy retraction risk,
V. Hagspiel, C. Nunes, C. Oliveira, M. Portela, Journal of Economic Dynamics and Control, Volume 126, 2021

Optimal timing and capacity choice under the rate-of-return renewable energy support,
M. Kozlova, S.-E. Fleten, V. Hagspiel, MethodsX, Volume 7, 2020

Technology adoption in a declining market,
V. Hagspiel, K. J.M. Huisman, P. M. Kort, M. N. Lavrutich, C. Nunes, R.Pimentel, European Journal of Operational Research, Volume 285, Issue 1, 2020, Pages 380-392

Green Electricity Investments: Environmental Target and the Optimal Subsidy,
S. Bigerna, X. Wen, V. Hagspiel, P.M. Kort, European Journal of Operational Research, Volume 279, Issue 2, 2019, Pages 635-644

Optimal timing and capacity choice under the rate-of-return renewable energy support,
M. Kozolova, S.-E. Fleten and V. Hagspiel, Energy, Volume 174, 2019, Pages 591-601

Optimal investment decisions in lice-fighting technologies: A case study in Norway,
O. M. Brakstad, V. Hagspiel, M. Lavrutich and D. Matanovic, Aquaculture, Volume 504, 2019, Pages 300-313

The impact of the Norwegian-Swedish green certificate scheme on the investment behavior: A wind energy case study,
F. Finjord, V. Hagspiel, M. Lavrutich and M. Tangen, Energy Policy, Volume 123, 2018, Pages 373-389

Green Investment under Policy Uncertainty and Bayesian Learning,
P. A. O. Dalby, G. R. Gillerhaugen, V. Hagspiel, T. Leth-Olsen, J.J.J. Thijssen, Energy, Volume 161, 2018, Pages 1262-1281

Valuing Supply-Chain Responsiveness Under Demand Jumps,
Işık Biçer, Verena Hagspiel, Suzanne de Treville, Journal of Operations Management, Volume 61, 2018, Pages 46-67

Switching from Oil to Gas production in a Depleting Field,
K. Støre, S.-E. Fleten, V. Hagspiel, C. Nunes, European Journal of Operational Research, Volume 271, Issue 2, 2018, Pages 710-719

Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway,
V. Hagspiel, J. Hannevik, M.Lavrutich, M. Naustdal, H. Struksnæs, Marine Policy, Volume 88, February 2018, Pages 158-166

Stepwise Investment and Capacity Sizing under Uncertainty,
M. Chronopolous, V. Hagspiel, S.-E. Fleten, OR Spectrum, Volume 39, Issue 2, March 2017, pp 447–472

Investment in Mutually Exclusive Transmission Projects under Policy Uncertainty,
I. Bakke, S.-E. Fleten, L. I. Hagfors, V. Hagspiel, B. Norheim, Journal of Commodity Markets, Volume 3, Issue 1, September 2016, Pages 54-69

Valuing quantity flexibility under supply-chain disintermediation risk,
V. Hagspiel, I. Bicer, Volume 180, October 2016, Pages 1-15, International Journal of Production Economics

Volume Flexibility and Capacity Investment under Demand Uncertainty,
V. Hagspiel, K.J.M. Huisman, P. M. Kort, International Journal of Production Economics, Volume 178, August 2016, Pages 95-108.

How to Escape a Declining Market: Capacity Investment or Exit?,
V. Hagspiel, K.J.M. Huisman, P. M. Kort, C. Nunes, European Journal of Operational Research, Volume 254, Issue 1, October 2016, Pages 40-50.

Investment in Electric Energy Storage Under Uncertainty: A Real Options Approach,
I. Bakke, S.-E. Fleten, L. I. Hagfors, V. Hagspiel, B. Norheim and S. Wogrin, Computational Management Science, Volume 13, Issue 3, July 2016, Pages 483-500.

Stepwise Green Investment under Policy Uncertainty,
M. Chronopoulos, V. Hagspiel, S.-E. Fleten , The Energy Journal, Volume 37 (4), 2016.

Dedicated vs product flexible production technology: Strategic capacity investment choice,
H.J. Boonman, V. Hagspiel, P.M. Kort , European Journal of Operational Research, Volume 244, Issue 1, 1 July 2015, Pages 141-152.

Optimal Technology Adoption when the Arrival Rate of New Technologies Changes,
Verena Hagspiel, Kuno J.M. Huisman, Clàudia Nunes, European Journal of Operational Research, Volume 243, Issue 3, 16 June 2015, Pages 897-911.

Valuing Lead Time,
Suzanne de Treville, Isik Bicer, Valèrie Chavez-Demoulin, Verena Hagspiel, Norman Schuerhoff, Christophe Tasserit and Stefan Wager. Journal of Operations Management, Volume 32, Issue 6, September 2014, Page 337-346.

New! Marine minerals’ role in future holistic mineral resource management,
S. L. Ellefmo, N. Aberle, V. Hagspiel, M. Ingulstad and K. Aasly, Geological Society, London, Special Publications, Volume 526, SP526-2022-30, 2022

Product Innovation of an Incumbent Firm: A Dynamic Analysis,
V. Hagspiel, K.J.M Huisman, P. M. Kort, C. Nunes, R. Pimentel, accepted for publication as book chapter in forthcoming book Innovation: Flexibility, Organization and Strategy, editor: Lenos Trigeorgis, MIT Press

Staged Development of a Marginal Oil Field Under Technical and Market Uncertainty: The Olympus Case,
Fedorov, S., Hagspiel, V., Lerdahl, T., Idris, A., & Ghahfarokhi, A. J., Society of Petroleum Engineers, 2020, October 21

Revenue-Enhancing Pre-Investment Activities under Uncertainty
joint with T. Olsen

Subsidized Capacity Investment under Uncertainty,
CentER Discussion Paper Series No. 2017-043, X. Wen, V. Hagspiel and P. M. Kort, Nov 2017.

Sensitivity of Demand Function Choice in a Strategic Real Options Context
joint with Hettie Boonman

Optimal Investment Strategies for Product-Flexible and Dedicated Production Systems under Demand Uncertainty

Coauthors
Maria Lavrutich
Kuno Huisman
Peter Kort
Isik Bicer