- Author
- Culik Miroslav (VŠB-Technical University of Ostrava, Czech Republic)
- Title
- Modularity Valuation in the Energy Sector : Real Option Approach
- Source
- Prace Naukowe / Akademia Ekonomiczna w Katowicach. Współczesne problemy finansów, bankowości i ubezpieczeń w teorii i praktyce. T. 2, 2006, s. 207-218, rys.
Contemporary Issues in Finance, Banking and Insurance : Theory and Practice. T. 2 - Keyword
- Energetyka, Ceny energii, Produkcja energii, Energia elektryczna
Energetics, Energy prices, Energy production, Electric power - Note
- summ.
- Abstract
- This paper concentrates on a problem faced by a firm operating in the electricity generating sector. Specifically, the problem is to evaluate and decide, if to invest in building of large capacity power plant, which is irreversible investment, or in a flexible sequence of smaller modular power plants, whose total capacity equals to the capacity of the large project. Modular project is valued by employing real option methodology as a compound growth option to invest in the following module; calculation is made under price uncertainty. (original abstract)
- Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Cited by
- Language
- eng
