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Valuation of Real Options in Crude Oil Production
(MDPI, 2017-08-17)
Oil producers are going through a hard period. They have a number of real options at their disposal. This paper addresses the valuation of two of them: the option to delay investment and the option to abandon a producing ...
Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case
(MDPI, 2011-10)
Transmission investments are currently needed to meet an increasing electricity demand, to address security of supply concerns, and to reach carbon-emissions targets. A key issue when assessing the benefits from an expanded ...
Revenue Risk of US Tight-Oil Firms
(MDPI, 2016-10)
American U.S. crude oil prices have dropped significantly of late down to a low of less than $30 a barrel in early 2016. At the same time price volatility has increased and crude in storage has reached record amounts in ...