Real Option Analysis on Coal-to-oil Project

被引：3
|
作者：
Teng Yingyue [2 ]
Han Liping [1 ]
Li Changqing [1 ]
Zhao Hongmei [1 ]
机构：
[1] Inner Mongolia Univ Technol, Sch Management, Inner Mongolia 010051, Peoples R China
[2] Inner Mongolia Univ Technol, Sch Chem Engn, Inner Mongolia 010051, Peoples R China
来源：
2010 INTERNATIONAL CONFERENCE ON ENERGY, ENVIRONMENT AND DEVELOPMENT (ICEED2010) | 2011年 / 5卷
基金：
中国国家自然科学基金;
关键词：
Coal-to-liquid Project; Real Options; Operation value; The value of waiting to invest;
D O I：
10.1016/j.egypro.2011.03.009
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
As Coal-to-liquid project is in face of lot uncertainties largely due to the wide fluctuation of oil industry, it is unable to evaluate this project accurately via the traditional NPV analysis method. The paper tries to apply real options analysis approach to evaluate this Coal-to-liquid project, simulate the fluctuation of oil price by a designed software and also compare the operating value and the value of waiting to invest in this Coal-to-liquid project. (C) 2011 Published by Elsevier Ltd. Selection and peer-review under responsibility of RIUDS
引用
收藏
页码：48 / 52
页数：5
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