リアルオプション研究
Online ISSN : 1884-1635
Print ISSN : 1881-5774
ISSN-L : 1881-5774
不確実性下における発電プラントの投資評価:投資率変更オプションとスパークスプレッド・オプション
高嶋 隆太宮口 直也後藤 允
著者情報
ジャーナル フリー

2008 年 1 巻 p. 1-17

詳細
抄録

This paper investigates an investment project of power plants which have the operational flexibility to start-up and shut-down. The project analyzed in this study consists of two sequential phases such as the construction and the operation of the power plant. We develop a simulation model taking into account the uncertainties of construction cost, electricity prices, and fuel prices. Consequently, the project value and the probability distribution of the value are calculated by using the model. Furthermore, we show the effect of the investment rate switching and the spark spread options on the project value.

著者関連情報
© 2008 日本リアルオプション学会
次の記事
feedback
Top