TSUJIMURA Motoo
Faculty of Commerce Department of Commerce
Professor
Last Updated :2021/10/24

Researcher Profile and Settings

Research Interests

  • Real Options
  • Finance
  • Ambiguity
  • Stochastic Control
  • resource and environmental economics

Research Areas

  • Humanities & social sciences/Money and finance
  • Social infrastructure (civil Engineering, architecture, disaster prevention)/Safety engineering
  • Social infrastructure (civil Engineering, architecture, disaster prevention)/Social systems engineering

Education

  • Osaka University, 2001
  • Osaka University, 1998

Academic Degrees

  • Doctor of Economics, Osaka University
  • Master of Economics, Osaka University

Association Memberships

  • Japan Association of Real Options and Strategy
  • Nippon Finance Association
  • The Operations Research Society of Japan

Published Papers

  • Examination of Exfoliation Dynamics of Algae with sediment transport
    Kunihiko Hamagami, Hidekazu Yoshioka, Shungo Ito, Miki Tsuchiya, Motoh Tsujimura, Yumi Yoshioka, Yuta Yaegashi
    Water Science, 65(3), Aug. 2021
  • HJB and Fokker-Planck equations for river environmental management based on stochastic impulse control with discrete and random observation Computers and Mathematics with Applications
    Hidekazu Yoshioka, Motoh Tsujimura, Kunihiko Hamagami, Yuta Yaegashi, Yumi Yoshioka
    Computers and Mathematics with Applications, 96131 - 154, Aug. 2021
  • Capital expansion and reduction with fixed and proportional costs under demand ambiguity
    Motoh Tsujimura
    Doshisha Syogaku, 72(6)209 - 227, Mar. 2021
  • Cost-efficient monitoring of continuous-time stochastic processes based on discrete observations
    Hidekazu Yoshioka, Yuta Yaegashi, Motoh Tsujimura, Yumi Yoshioka
    Applied Stochastic Models in Business and Industry, WILEY, 37(1)113-138 , Jan. 2021, English, Research paper (scientific journal)
  • Partially reversible capital investment with both fixed and proportional costs under demand risk
    Motoh Tsujimura
    RIMS Kôkyûroku, 2173108 - 124, Dec. 2020, Research paper (bulletin of university, research institution)
  • A hybrid stochastic river environmental restoration modeling with discrete and costly observations
    Hidekazu Yoshioka, Motoh Tsujimura, Kunihiko Hamagami, Yumi Yoshioka
    Optimal Control Applications and Method, WILEY, 41(6)1964 - 1994, Nov. 2020, English, Research paper (scientific journal)
  • Finite volume computation for the non-stationary probability density function of an impulsively controlled 1-D diffusion process
    Yuta Yaegashi, Hidekazu Yoshioka, Motoh Tsujimura, Masayuki Fujihara
    Journal of Advanced Simulation in Science and Engineering, 7(2)262 - 278, Aug. 2020
  • Pollution reduction policies and their associated costs under uncertainty
    Motoh Tsujimura
    The Social Sciences, 50(2)83 - 104, Aug. 2020
  • A Simple Stochastic Process Model for River Environmental Assessment Under Uncertainty
    Hidekazu Yoshioka, Motoh Tsujimura, Kunihiko Hamagami, Yumi Yoshioka
    In: Krzhizhanovskaya V. et al. (eds) Computational Science – ICCS 2020. ICCS 2020. Lecture Notes in Computer Science, 12143494 - 507, Jun. 2020
  • Applications of optimal control theory in river and natural resources management
    Hidekazu Yoshioka, Motoh Tsujimura
    In Hidekazu Yoshioka ed, Ayu and River Environment in Hii River, Japan -Research results from 2015 to 2020, 63 - 76, May 2020, Japanese
  • Analysis and computation of an optimality equation arising in an impulse control problem with discrete and costly observations
    Hidekazu Yoshioka, Motoh Tsujimura
    JOURNAL OF COMPUTATIONAL AND APPLIED MATHEMATICS, ELSEVIER, 366, Mar. 2020, English, Research paper (scientific journal)
  • Stochastic control of single-species population dynamics model subject to jump ambiguity
    Hidekazu Yoshioka, Motoh Tsujimura
    Journal of Biological Dynamics, TAYLOR & FRANCIS LTD, 14(1)696 - 729, 2020, English, Research paper (scientific journal)
  • Mathematical Modeling for Decision-Making of Observation Timing and Workload for Cost-Effective River Environmental Management
    Hidekazu Yoshioka, Motoh Tsujimura, Yuta Yaegashi, Masayuki Fujihara
    Journal of Real Options and Strategy, The Japan Association of Real Options and Strategy, 11(0)25 - 37, Dec. 2019, Japanese, Research paper (scientific journal)
  • Capital investment under output demand and investment cost ambiguity
    Motoh Tsujimura
    RIMS Kôkyûroku, 2111125 - 136, Apr. 2019, English
  • Partially Reversible Capital Investment under Demand Ambiguity
    Motoh Tsujimura
    RIMS Kôkyûroku, 210633 - 47, Apr. 2019, English
  • An Abatement Investment Strategy with Stochastic Abatement Technology
    Motoh Tsujimura
    RIMS Kôkyûroku, 20291 - 5, 2017
  • Impact of Ambiguity on Project Investment Timing: An Introduction
    Motoh Tsujimura
    Communications of the Japan Association of Real Options and Strategy, 9(1)51 - 61, 2017
  • Pollution Thresholds under Uncertainty in Asymmetric Duopoly
    Makoto Goto, Ryuta Takashima, Motoh Tsujimura
    RIMS Kôkyûroku, 198327 - 40, 2016
  • Assessing Capital Investment Strategy with Quadratic Adjustment Cost under Ambiguity
    Motoh Tsujimura
    19831 - 7, 2016
  • Pollutant Abatement Investment under Ambiguity in a Two-Period Model,
    Motoh Tsujimura
    International Journal of Real Options and Strategy,, 3,13-26, , 2015
  • A Two-Period Model of Capital Investment under Ambiguity
    Motoh Tsujimura
    RIMS Kôkyûroku, 188616 - 22, 2014
  • Sequential Investment in Pollution Control Equipment under Uncertainty
    Motoh Tsujimura
    Doshisha Syogaku, 66(1)267 - 279, 2014
  • Assessing Alternative R&D Investment Projects under Uncertainty,
    Motoh Tsujimura
    International Journal of Real Options and Strategy,, 1,1-16, , 2013
  • Valuation of a Reversible Capital Investment Project under Uncertainty
    Motoh Tsujimura
    Journal of the Society of Instrument and Control Engineers, 50(11)987 - 992, 2011
  • Irreversible investment, operating flexibility, and time lag
    Ryuta Takashima, Makoto Goto, Motoh Tsujimura
    Asia-Pacific Journal of Operational Research, WORLD SCIENTIFIC PUBL CO PTE LTD, 27(2)271 - 286, Apr. 2010, English, Research paper (scientific journal)
  • Choice of Alternative Environmental Policies with Quadratic Costs
    Makoto Goto, Ryuta Takashima, Motoh Tsujimura
    RIMS Kokyuroku, 1675248 - 260, 2010
  • Real Options in a Duopoly Setting: Investment on the Project with Operational Options and Fixed Costs,
    M. Goto, R. Takashima, M. Tsujimura
    Journal of Applied Operational Research,, 2,(1,)22-32, , 2010
  • Induced effects and technological innovation with strategic environmental policy
    Atsuyuki Ohyama, Motoh Tsujimura
    European Journal of Operational Research, ELSEVIER SCIENCE BV, 190(3)834 - 854, Nov. 2008, English, Research paper (scientific journal)
  • Choice of Three Environmental Policies under Uncertainty
    Makoto Goto, Ryuta Takashima, Motoh Tsujimura
    RIMS Kôkyûroku, 1580174 - 184, 2008
  • Three Phased Switching of Operations under Uncertainty
    Ryuta Takashima, Makoto Goto, Motoh Tsujimura
    RIMS Kokyuroku,, 1580185 - 194, 2008
  • The Effect of Strategies on Mergers and Acquisitions
    Makoto Goto, Masaya Okawa, Ryuta Takashima, Motoh Tsuijmura
    RIMS Kôkyûroku, 1580195 - 205, 2008
  • Capacity investment with adjustment costs under uncertainty
    Motoh Tsujimura
    Communications of the Operations Research Society of Japan, 53(11)603 - 607, 2008
  • Stock repurchase policy with transaction costs under jump risks
    Hiromichi Goko, Masamitsu Ohnishi, Motoh Tsujimura
    in T. Dohi, S. Osaki and K. Sawaki (eds), Recent Advancement of Stochastic Operations Research, WORLD SCIENTIFIC PUBL CO PTE LTD, 161 - 174, 2007, English
  • Political measures for strategic environmental policy with external effects
    Atsuyuki Ohyama, Motoh Tsujimura
    Environmental and Resource Economics, SPRINGER, 35(2)109 - 135, Oct. 2006, English, Research paper (scientific journal)
  • Corporate Strategy and Management under Risk: A Stochastic Control Approach
    Motoh Tsujimura
    in H. Takamori and M. Ide (ed), Financial Technology, Agency, and Management, Toyokeizai, Tokyo,, 275 - 293, 2006
  • An impulse control of a geometric Brownian motion with quadratic costs
    Masamitsu Ohnishi, Motoh Tsujimura
    European Journal of Operational Research, ELSEVIER SCIENCE BV, 168(2)311 - 321, Jan. 2006, English, Research paper (scientific journal)
  • Optimal natural resources management under uncertainty with catastrophic risk
    Motoh Tsujimura
    Energy Economics, ELSEVIER SCIENCE BV, 26(3)487 - 499, May 2004, English, Research paper (scientific journal)
  • An Empirical Study on Mergers in Japanese Companies by Real Options Approach
    Masaya Okawa, Motoh Tsujimura
    Osaka Economic Papers, 54502 - 516, 2004
  • Creation of the Tourist Resources Conducive to the Local Society -Financial Approach to the Buried Cultural Property-
    S. Ishikawa, H. Akakabe, M. Tsujimura
    Journal of Tourism Research, (45)21 - 30, 2004, Japanese
  • Review of Option Value in Finance and Environmental Economics
    Motoh Tsujimura
    Osaka Economic Papers, 521 - 39, 2003
  • Impulse Control and Its Applications to Mathematical Finance
    Motoh Tsujimura
    53199 - 220, 2003
  • Optimal Dividend Policy by an Impulse Control Approach
    Masamitsu Ohnishi, Motoh Tsujimura
    RIMS Kôkyûroku, 1252139 - 146, 2002
  • Optimal Impulse Control under a Geometric Brownian Motion
    Masamitsu Ohnishi, Motoh Tsujimura
    RIMS Kôkyûroku, 1194225 - 232, 2001
  • Optimal Implementation of Environmental Improvement Policy with Implementation Costs,
    Motoh Tsujimura
    Scientiae Mathematicae Japonicae Online,, 4613 - 628, 2001
  • Non-Local Fokker-Planck Equation of Imperfect Impulsive Interventions and its Effectively Super-Convergent Numerical Discretization
    Hidekazu Yoshioka, Yuta Yaegashi, Motoh Tsujimura, Masayuki Fujihara
    Communications in Computer and Information Science, Springer Singapore, 109479 - 91, 2019
  • The value of a merger and its optimal timing
    Masaya Okawa, Motoh Tsujimura
    Applied Financial Economics, 19(18)1477 - 1485, Sep. 2009, English, Research paper (scientific journal)

Misc

  • Growth of the fish Plecoglossus altivelis altivelis
    Hidekazu Yoshioka, Yumi Yoshioka, Yuta Yaegashi, Motoh Tsujimura
    In Hidekazu Yoshioka ed, Ayu and River Environment in Hii River, Japan -Research results from 2015 to 2020, 13 - 26, May 2020, Japanese

Books etc

  • Stochastic Control: Theory and Applications
    Asakura Publishing, 2016

Research Grants & Projects

  • Development Real Options Valuation Models for Pollutant Reduction Investment under Ambiguity and Their Applications
    2021/04 -2025/03
  • Development of a Business Valuation Model Using a Real Options Approach under Ambiguity
    Doshisha University, Urgent Research Related to COVID-19 (All Doshisha Research Model), 2020/07 -2021/03
  • Developing Evaluation Models of Environmental Policies under Ambiguity by using Real Options Approach and Their Applications
    2018/04 -2021/03, Motoh Tsujimura
  • Development of Evaluating Models for Environmental Policies by using Real Options Approach under Ambiguity and Their Applications
    2015/04 -2018/03, Motoh Tsujimura
  • Development of Evaluating Models of Pollutant Reduction Investment Projects by using Real Options Approach and Their Applications
    2012/04 -2015/03, Motoh Tsujimura
  • Exploring Decision Support Models in OR-oriented Finance
    2008/04 -2013/03, Toshikazu Kimura
  • Developing Evaluation Models of Resource and Environmental Policy by using Real Options Approach and Their Applications
    2008/04 -2012/03, Motoh Tsujimura
  • System Analytic Approach to Financial Technology, Management and Governance
    Grant-in-Aid for Scientific Research (B), 2004/04 -2007/03, Hiroshi Takamori
  • Studies on Financial Models with Transaction Costs and Default
    2003/04 -2006/03, Motoh Tsujimura