Selaus tekijän mukaan kokoelmassa Vertaisarvioidut artikkelit (Peer-reviewed articles)
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Analyzing Renewable Energy Policies – Using the Pay-Off Method to Study the Finnish Auction-Based Renewable Energy Policy
Hietanen, L.; Kozlova, M.; Collan, Mikael
Journal of Environmental Informatics Letters : 2 (ISEIS, 2020)Design of support-mechanisms is an important component of renewable energy policy. In order to be able to choose desirable designs one must have a good understanding of the most likely outcomes from different policy designs ... -
Analyzing the Finnish University funding system through system-based simulation
Rissanen, Miia; Savolainen, Jyrki; Collan, Mikael
Policy Futures in Education : Available online (SAGE Publications, 31.01.2024)This research explores the suitability of system-based simulation analysis for higher education (HE) policy-planning. A dynamic system model of the Finnish university funding system covering bachelor-level students is ... -
Analyzing the returns and rate of return regulation of Finnish electricity distribution system operators 2015–2019
Collan, Mikael; Savolainen, Jyrki; Lilja, Emma
Energy Policy : Open access (Elsevier, 2021)Electricity distribution prices have steeply increased in Finland since 2015. This research investigates the returns from the Finnish low-voltage electricity distribution business and compares them to returns from three ... -
Changing Manufacturing Landscape: From a Factory to a Network
Michelsen, Karl-Erik; Collan, Mikael; Savolainen, Jyrki; Ritala, Paavo
Handbook of Smart Materials, Technologies, and Devices (Springer, Cham, 2021)This chapter focuses on the technological, the managerial, and the societal transformation from the old manufacturing system into the new, discussing the drivers, the challenges, and the opportunities connected to the ... -
Digital Coaching System for Real Options Analysis with Multi-expert and Machine Learning Support
Kinnunen, Jari; Collan, Mikael; Georgescu, Irina; Hosseini, Zahra
HCI International 2021 - Late Breaking Papers: Multimodality, eXtended Reality, and Artificial Intelligence. HCII 2021. Lecture Notes in Computer Science (Springer Cham, 2021)Digitalization and artificial intelligence are growing in importance as parts of decision-support tools in various application domains. One of the important developments in this vein has been the creation of interactive ... -
Ex-Ante Study of Biofuel Policies–Analyzing Policy-Induced Flexibility
Ruponen, Inka; Kozlova, Mariia; Collan, Mikael
Sustainability : 1, Open Access (MDPI, 2022)A variety of policy types are available to foster the transition to a low-carbon economy. In every sector, including transportation, heat and power production, policymakers face the choice of what type of policy to adopt. ... -
Finnish perspectives on the business of electricity distribution
Collan, Mikael
Oxford Open Energy : (Open access) (Oxford University Press, 30.01.2024)The profits of the Finnish industry of electricity distribution are driven by a rate of return regulation model. Changes in the model caused a remarkable jump in DSO profits. The model rewards large costs and gives the ... -
Ignorance is bliss? Information and risk on crowdfunding platforms
D’Arcangelo, Chiara; Morreale, Azzurra; Mittone, Luigi; Collan, Mikael
PLoS ONE : 6 (open access) (Public Library of Science, 16.06.2023)This research examines the determinants of project success on crowdfunding platforms within a competitive context. We focus on the specific horizontal attributes of the project–attributes that do not affect the project ... -
New Credibilistic Real Option Model Based on the Pessimism-Optimism Character of a Decision-Maker
Georgescu, Irina; Kinnunen, Jani; Collan, Mikael
Data Management, Analytics and Innovation. Lecture Notes on Data Engineering and Communications Technologies : Available online (Springer Singapore, 2021)Fuzzy real options analysis has gained increasing attention among investment practitioners as well as investment theory-focused academics. The strength of the real option valuation (ROV) models, when compared to the more ... -
On the relationship between possibilistic and standard moments of fuzzy numbers
Stoklasa, Jan; Luukka, Pasi; Collan, Mikael
Journal of Computational and Applied Mathematics : Open Access (Elsevier, 2022)In this paper we introduce a transformation of the center of gravity, variance and higher moments of fuzzy numbers into their possibilistic counterparts. We show that this transformation applied to the standard formulae ... -
Possibilistic fuzzy pay-off method for real option valuation with application to research and development investment analysis
Stoklasa, Jan; Luukka, Pasi; Collan, Mikael
Fuzzy Sets and Systems (Elsevier, 2021)This paper presents the first fully possibilistic method for real option valuation of investment projects, a new possibilistic variant of the fuzzy pay-off method for real option valuation. The new variant is derived by ... -
Profitability Analysis and Financial Evaluation of Projects
Collan, Mikael; Savolainen, Jyrki
In book: IEEE Technology and Engineering Management Society Body of Knowledge (TEMSBOK) (Wiley, 29.09.2023)This chapter presents and gives practical tools for the financial analysis and evaluation of all kinds of projects. The chapter discusses the foundations underlying modern profitability analysis, presents and illustrates ... -
Profitability Determinants of Unlisted Renewable Energy Companies in Germany—A Longitudinal Analysis of Financial Accounts
Luts, Maria-Kristiine; Savolainen, Jyrki; Collan, Mikael
Sustainability : 24, Open Access (MDPI, 2021)The fight against a climate crisis has urged nations and the global community to cut emissions and to define ambitious environmental goals. This has highlighted the importance of the renewable energy (RE) industry. Germany ... -
Using meta-models in simulation-based investment analysis – studying the financing mix of metal mining investments
Savolainen, Jyrki; Collan, Mikael
Fuzzy Economic Review : 1 (SIGEF, 2020)This paper is the first documented research effort on how simple meta-models can be used in simulation-based investment analysis. Modern computers allow the construction and simulation of near real-world emulating models, ...