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Investment in Energy Assets Under Uncertainty

LNE: INVESTMENT IN ENERGY ASSETS UNDER UNCERTAINTY

Gt Product Group

Binding Format

Marketing Imprint Name

B2B GT

CL Carton Count

Imprint Name

B2B & B2C

Time and uncertainty pervade most if not all issues relevant to energy assets. They run from the early stage of prototype and demonstration to the ultimate abandonment and decommissioning. Risk in particular appears in several areas; thus, one can distinguish technical risk from financial risk. Furthermore, the extent to which one can react to them is different (just think of price risk and regulation risk). Markets in general, and financial markets in particular, regularly put a price on a number of assets which differ in their return/risk characteristics. And academia has developed sound financial principles for valuation purposes in a number of contexts. Nonetheless, the physical characteristics of the assets involved also play a key role in their valuation if only because of the restrictions that they entail.There are some instances in which the practitioner/researcher is able to come up with an analytical solution to the valuation problem. Typically, however, these instances are limited because of their relying on stylized facts or idealized frameworks. Unfortunately, many relevant instances lack analytical solutions, so one must resort to numerical methods. The book clearly explains how to implement them in a meaningful way. Their usefulness is further enhanced when numerical estimates of relevant parameters are derived from actual market prices (as long as these are available and reliable).The book starts from the basics of valuation in a dynamic, certain context. The second part then considers uncertainty and introduces a number of useful results and tools to grapple effectively with it. The last part applies these tools to the valuation of energy assets in a sequential manner, i.e. by considering one, two and three sources of risk. The last chapter provides examples of joint optimal management and value maximization in conventional power plants.

POST SECONDARY FOUR YEAR

PROFESSIONAL & REFERENCE

COLFR

COLJR

COLSO

COLSR

Duration

Duration Unit Of Measure

Transaction Type

Front Cover.
Other Frontmatter.
Title Page.
Copyright Page.
Dedication Page.
Preface.
Contents.
1: Investment Under Certainty.
2: Valuation Made Simple: No Uncertainties, Just Time.
3: Investment Under Uncertainty.
4: Theoretical Foundations.
5: Analytical Solutions.
6: Binomial Lattices.
7: Finite Difference Methods.
8: Monte Carlo Simulation.
9: Investments in the Energy Sector.
10: Economic and Technical Background.
11: Valuation of Energy Assets: A Single Risk Factor.
12: Valuation of Energy Assets: Two Risk Factors.
13: Valuation of Energy Assets: Three Risk Factors.
14: Value Maximization and Optimal Management of Energy Assets.
Index.

Investment in Energy Assets Under Uncertainty.css-1p8rvzy{position:absolute;padding-left:8px;}

Investment in Energy Assets Under Uncertainty