Real Option Analysis for Renewable Energy Investment Under Uncertainty

被引:2
|
作者
Sheen, Jen-Nan [1 ]
机构
[1] Cheng Shiu Univ, Dept Elect Engn, Kaohsiung 83347, Taiwan
关键词
Decision-making; Fuzzy mathematics; Real option analysis; Mellin transform; FUZZY; VALUATION;
D O I
10.1007/978-3-319-04573-3_35
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
This paper is aimed to using the fuzzy real option analysis to evaluate project's economic effectiveness for highly uncertain wind power investment. The performance of the proposed model has been verified by applying the model to a simple numerical example. It is found that an appropriate options strategy allows the real option value model to reduce investment implementation costs, enhance investment performance, and facilitate an estimation of substantial benefits created by specific policies.
引用
收藏
页码:283 / 289
页数:7
相关论文
共 50 条
  • [21] RANDOM SHOCK UNCERTAINTY AND INVESTMENT REVERSIBILITY: REAL OPTION FRAMEWORK
    Cui, Xue
    Shibata, Takashi
    [J]. BULLETIN OF ECONOMIC RESEARCH, 2018, 70 (02) : 150 - 164
  • [22] Risk Analysis in the Selection of Renewable Energy Portfolios under Uncertainty
    Grandhi, Srimannarayana
    Wibowo, Santoso
    [J]. PROCEEDINGS OF THE 2019 14TH IEEE CONFERENCE ON INDUSTRIAL ELECTRONICS AND APPLICATIONS (ICIEA 2019), 2019, : 619 - 624
  • [23] LEGAL UNCERTAINTY AS NUISANCE TO INVESTMENT PROCESS IN RENEWABLE ENERGY
    Aljinovic, Nevena
    [J]. ECONOMIC AND SOCIAL DEVELOPMENT (ESD), 2017, : 272 - 281
  • [24] Distributed solar renewable generation: Option contracts with renewable energy credit uncertainty
    Zeng, Yaxiong
    Klabjan, Diego
    Arinez, Jorge
    [J]. ENERGY ECONOMICS, 2015, 48 : 295 - 305
  • [25] INVESTMENT ANALYSIS UNDER UNCERTAINTY
    WILSON, R
    [J]. MANAGEMENT SCIENCE SERIES B-APPLICATION, 1969, 15 (12): : B650 - B664
  • [26] Option-game Analysis in R&D Investment under Demand Uncertainty
    An, Shi
    Tun, Ji-yuan
    [J]. ADVANCES IN BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING, 2008, 5 : 217 - 221
  • [27] Real option analysis for emission reduction investment under the sulfur emission control
    Yue, Yan
    Ying, Yirong
    [J]. SUSTAINABLE ENERGY TECHNOLOGIES AND ASSESSMENTS, 2021, 45
  • [28] Investment under uncertainty and option value in environmental economics: reply
    Fisher, AC
    [J]. RESOURCE AND ENERGY ECONOMICS, 2005, 27 (01) : 89 - 89
  • [29] Renewable energy investment risk assessment in belt and road initiative countries under uncertainty conditions
    Hashemizadeh, Ali
    Ju, Yanbing
    Bamakan, Seyed Mojtaba Hosseini
    Hoang Phong Le
    [J]. ENERGY, 2021, 214
  • [30] Renewable energy investment risk assessment in belt and road initiative countries under uncertainty conditions
    Hashemizadeh, Ali
    Ju, Yanbing
    Bamakan, Seyed Mojtaba Hosseini
    Le, Hoang Phong
    [J]. Energy, 2021, 214