메뉴 건너뛰기




Volumn 31, Issue 2, 2006, Pages 86-94

Estimating the volatility of mining projects considering price and operating cost uncertainties

Author keywords

Project; Real options; Risk; Uncertainty; Volatility

Indexed keywords

COST ACCOUNTING; DECISION MAKING; GOLD MINES; INDUSTRIAL ECONOMICS; TAXATION;

EID: 33750081068     PISSN: 03014207     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.resourpol.2006.07.002     Document Type: Article
Times cited : (51)

References (19)
  • 1
    • 0025123383 scopus 로고
    • Mineral depletion, with special reference to petroleum
    • Adelman M.A. Mineral depletion, with special reference to petroleum. Rev. Econ. Stat. 72 1 (1990) 1-10
    • (1990) Rev. Econ. Stat. , vol.72 , Issue.1 , pp. 1-10
    • Adelman, M.A.1
  • 2
    • 0002798844 scopus 로고
    • Mineral investment decision making
    • Bhappu R.R., and Guzman J. Mineral investment decision making. Eng. Min. J. 7 (1995) 36-38
    • (1995) Eng. Min. J. , vol.7 , pp. 36-38
    • Bhappu, R.R.1    Guzman, J.2
  • 3
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black F., and Scholes M. The pricing of options and corporate liabilities. J. Polit. Econ. 81 (1973) 637-659
    • (1973) J. Polit. Econ. , vol.81 , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 5
    • 33750072927 scopus 로고    scopus 로고
    • Companhia Vale do Rio Doce (CVRD), 2005. Projeto Niquel do Vermelho. 〈www.cvrd.com.br〉 (accessed 14 October 2005).
  • 6
    • 33750043214 scopus 로고    scopus 로고
    • Copeland, T., Antikarov, W., 2001. In: Texere (Ed.), Real Options: A Practitioner's Guide. New York, 360pp.
  • 7
    • 33750075763 scopus 로고    scopus 로고
    • Costa Lima, G.A., 2004. A proposal for using preference theory and real options in petroleum exploration and production projects. Ph.D. Dissertation, IG/UNICAMP, 226pp.
  • 8
    • 0036708793 scopus 로고    scopus 로고
    • Impacts of environmental constraints on the optimal decision-making process applied to Brazilian petroleum industry
    • Costa Lima G.A., and Suslick S.B. Impacts of environmental constraints on the optimal decision-making process applied to Brazilian petroleum industry. J. Can. Petrol. Technol. 41 9 (2002) 37-43
    • (2002) J. Can. Petrol. Technol. , vol.41 , Issue.9 , pp. 37-43
    • Costa Lima, G.A.1    Suslick, S.B.2
  • 9
    • 27644555451 scopus 로고    scopus 로고
    • Costa Lima, G.A., Suslick, S B., Bordieri, C.A., 2005. A quantitative method for estimation of volatility of oil production projects. In: SPE Hydrocarbon Economics and Evaluation Symposium, April 2005, Dallas, TX, USA, SPE 94661.
  • 10
    • 4344667534 scopus 로고    scopus 로고
    • Mine size and the structure of costs
    • Crowson P. Mine size and the structure of costs. Resour. Policy 29 1-2 (2003) 15-36
    • (2003) Resour. Policy , vol.29 , Issue.1-2 , pp. 15-36
    • Crowson, P.1
  • 11
    • 0032325514 scopus 로고    scopus 로고
    • Estimating volatility and dividend yield when valuing real options to invest or abandon
    • (special issue)
    • Davis G. Estimating volatility and dividend yield when valuing real options to invest or abandon. Quart. Rev. Econ. Finance 38 (1998) 725-754 (special issue)
    • (1998) Quart. Rev. Econ. Finance , vol.38 , pp. 725-754
    • Davis, G.1
  • 13
    • 33750064594 scopus 로고    scopus 로고
    • Fortune Magazine, 2005. 〈www.fortune.com〉 (accessed 20 July 2005).
  • 14
    • 85040802868 scopus 로고
    • American Institute of Mining, Metallurgical and Petroleum Engineers, Inc. BookCrafters, Chelsea, MI, USA 502pp
    • Gentry D.W., and O'Neil T.J. Mine Investment Analysis (1984), American Institute of Mining, Metallurgical and Petroleum Engineers, Inc. BookCrafters, Chelsea, MI, USA 502pp
    • (1984) Mine Investment Analysis
    • Gentry, D.W.1    O'Neil, T.J.2
  • 15
    • 84960586010 scopus 로고
    • The value of waiting to invest
    • McDonald R., and Siegel D. The value of waiting to invest. Quart. J. Econ. 101 (1986) 707-728
    • (1986) Quart. J. Econ. , vol.101 , pp. 707-728
    • McDonald, R.1    Siegel, D.2
  • 16
    • 33646749499 scopus 로고    scopus 로고
    • Valuing uncertain asset cash flows when there are no options: a real options approach
    • Samis M., Davis G.A., Laughton D., and Poulin R. Valuing uncertain asset cash flows when there are no options: a real options approach. Resour. Policy 30 4 (2005) 285-298
    • (2005) Resour. Policy , vol.30 , Issue.4 , pp. 285-298
    • Samis, M.1    Davis, G.A.2    Laughton, D.3    Poulin, R.4
  • 17
    • 33750080750 scopus 로고    scopus 로고
    • Schodde, R., 2003. Long term trends in exploration and the likely future of the Australian exploration industry. Paper presented at the Australasian Institute of Mining and Metallurgy Technical Meeting, Melbourne. 〈http://www.wmc.com.au/pubpres/index.htm?tpZexploration〉.
  • 18
    • 33750078116 scopus 로고    scopus 로고
    • Economic evaluation methods for mining projects
    • Yamamoto J.K. (Ed), EDUSP, São Paulo (in Portuguese)
    • Suslick S.B. Economic evaluation methods for mining projects. In: Yamamoto J.K. (Ed). Classification and Evaluation of Mineral Reserves (2001), EDUSP, São Paulo 193-226 (in Portuguese)
    • (2001) Classification and Evaluation of Mineral Reserves , pp. 193-226
    • Suslick, S.B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.