This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

The externalities of infrastructure projects have not been fully taken into account during the extensive infrastructure development worldwide, leading to outstanding and practical problems such as traffic congestion, air pollution, damage to the environment, and the heavy government burden on...