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Corn-ethanol plant investment : a real options case study
Secor, William G.; Boland, Michael A. - In: American journal of agricultural economics 99 (2017) 2, pp. 524-531
Persistent link: https://www.econbiz.de/10011761268
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Investment, irreversibility, and uncertainty in energy beet-based ethanol
Hossiso, Kassu Wamisho; Ripplinger, David - In: Journal of agricultural and applied economics : JAEE 48 (2016) 4, pp. 403-429
Persistent link: https://www.econbiz.de/10011620012
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The odd notion of "reversible investment"
Davis, Graham A.; Cairns, Robert D. - In: Journal of banking & finance 81 (2017), pp. 172-180
Persistent link: https://www.econbiz.de/10011816437
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Entrepreneurs' capital budgeting orientations and innovation outputs : evidence from Australian biotechnology firms
Hayward, Mathew; Caldwell, Andrew; Steen, John; Gow, David - In: Long range planning : LRP ; international journal of … 50 (2017) 2, pp. 121-133
Persistent link: https://www.econbiz.de/10011706234
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The Smith Company: a case on capital budgeting and real options
Shastri, Karen A.; Shastri, Kuldeep; Stout, David E. - In: Managerial Finance 37 (2011) July, pp. 647-657
Purpose – This paper aims to provide upper-level accounting and/or finance students with a review of the intricacies of option pricing, discounted cash flow (DCF) capital budgeting decision models, various types of real options, how risk analysis of long-term capital investments can be...
Persistent link: https://www.econbiz.de/10009275391
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Using Real Options Theory to Irrigation Dam Investment Analysis: An Application of Binomial Option Pricing Model
Michailidis, Anastasios; Mattas, Konstadinos - In: Water Resources Management 21 (2007) 10, pp. 1717-1733
This paper demonstrates the utility of the real options approach to irrigation dam investment analysis. The main objective is to show how to calculate the option values of selected options that may be available to managers of irrigation dam investments. The paper provides an empirical...
Persistent link: https://www.econbiz.de/10010794111
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A Socioeconomic Valuation of an Irrigation System Project Based on Real Option Analysis Approach
Michailidis, Anastasios; Mattas, Konstadinos; … - In: Water Resources Management 23 (2009) 10, pp. 1989-2001
Traditional net present value methods used to evaluate potential projects make no allowance for flexibility and assume a static environment. The concept of real options has extended into irrigation systems to model design flexibility in the realistically uncertain environment. In particular,...
Persistent link: https://www.econbiz.de/10010794304
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The Smith Company: a case on capital budgeting and real options
Shastri, Karen A.; Shastri, Kuldeep; Stout, David E. - In: Managerial Finance 37 (2011) 7, pp. 647-657
Purpose – This paper aims to provide upper‐level accounting and/or finance students with a review of the intricacies of option pricing, discounted cash flow (DCF) capital budgeting decision models, various types of real options, how risk analysis of long‐term capital investments can be...
Persistent link: https://www.econbiz.de/10014940183
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Estimating the influence of U.S. ethanol policy on plant investment decisions: A real options analysis with two stochastic variables
Schmit, T.M.; J., Luo; Conrad, J.M. - In: Energy Economics 33 (2011) 6, pp. 1194-1205
U.S. ethanol policies have contributed to changes in the levels and the volatilities of revenues and costs facing … ethanol firms. The implications of these policies for optimal investment behavior are investigated through an extension of the … conditions in the late-1990s would have led to some plant closures. We also show that, regardless of plant size, U.S. ethanol …
Persistent link: https://www.econbiz.de/10010868699
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Using real option analysis to quantify ethanol policy impact on the firm's entry into and optimal operation of corn ethanol facilities
Maxwell, Christian; Davison, Matt - In: Energy Economics 42 (2014) C, pp. 140-151
Ethanol crush spreads are used to model the value of a facility which produces ethanol from corn. A real option … expected real option net present value. We present evidence of increased correlation between corn and ethanol prices, perhaps …
Persistent link: https://www.econbiz.de/10010868724