In this study, a policy benefit real options model was developed to evaluate biomass power production investment in China. A method based on the cumulative probability was proposed using binomial decision tree calculations for the exercising of options in order to evaluate the optimal investment...

In this study, a trinomial tree modeling-based real option approach was developed to evaluate the investment in CCS retrofitting for two typical types of power plants from the perspective of power generation enterprises. A method based on the cumulative probability was proposed using trinomial...