메뉴 건너뛰기




Volumn 57, Issue 1, 2012, Pages 55-75

An exit and entry study of renewable power producers: A real options approach

Author keywords

[No Author keywords available]

Indexed keywords

GEOMETRIC BROWNIAN MOTION; KEY FEATURE; NUMERICAL EXAMPLE; OPERATION AND MAINTENANCE; POLICY IMPLICATIONS; POWER PRODUCER; REAL OPTIONS; REAL OPTIONS APPROACH; RENEWABLE POWER PRODUCTION; SINGLE SITES; WIND FARM;

EID: 84863243906     PISSN: 0013791X     EISSN: 15472701     Source Type: Journal    
DOI: 10.1080/0013791X.2011.651566     Document Type: Article
Times cited : (21)

References (32)
  • 1
    • 84904685560 scopus 로고    scopus 로고
    • The impact of stochastic extraction cost on the value of an exhaustible resource: The case of the Alberta oil sands
    • Paper presented at the, Turku, Finland, June 15-18, 2011
    • Almansour, A. and Insley, M. (2011) The impact of stochastic extraction cost on the value of an exhaustible resource: the case of the Alberta oil sands. Paper presented at the Real Options 15th Annual International Conference, Turku, Finland, June 15-18, 2011.
    • (2011) Real Options 15th Annual International Conference
    • Almansour, A.1    Insley, M.2
  • 2
    • 33750081068 scopus 로고    scopus 로고
    • Estimating the volatility of mining projects considering price and operating cost uncertainties
    • DOI 10.1016/j.resourpol.2006.07.002, PII S0301420706000286
    • Costa Lima, G.A. and Suslick, S.B. (2006) Estimating the volatility of mining projects considering price and operating cost uncertainties. Resources Policy, 31, 86-94. (Pubitemid 44575889)
    • (2006) Resources Policy , vol.31 , Issue.2 , pp. 86-94
    • Costa Lima, G.A.1    Suslick, S.B.2
  • 4
    • 84905161885 scopus 로고    scopus 로고
    • Available at (accessed October 20, 2011)
    • European Wind Energy Association. (2004) Wind energy-the facts: Vol. 2. Costs and prices. Available at http://www.ewea.org/fileadmin/eweadocuments/ documents/publications/WETF/FactsVolume2.pdf (accessed October 20, 2011).
    • (2004) Wind Energy-the Facts: Vol. 2. Costs and Prices
  • 5
    • 44649190367 scopus 로고    scopus 로고
    • Investment timing and capacity choice for small-scale wind power under uncertainty
    • Paper presented at the, Greece, June 28
    • Fleten, S. and Maribu, K.M. (2004) Investment timing and capacity choice for small-scale wind power under uncertainty. Paper presented at the IASTED International Conference on Power and Energy Systems, Greece, June 28-30, 2004.
    • (2004) IASTED International Conference on Power and Energy Systems , vol.30 , pp. 2004
    • Fleten, S.1    Maribu, K.M.2
  • 6
    • 33846199123 scopus 로고    scopus 로고
    • Optimal investment strategies in decentralized renewable power generation under uncertainty
    • DOI 10.1016/j.energy.2006.04.015, PII S0360544206001150
    • Fleten, S., Maribu, K.M. and Wangensteen, I. (2007) Optimal investment strategies in decentralized renewable power generation under uncertainty. Energy, 32(5), 803-815. (Pubitemid 46108357)
    • (2007) Energy , vol.32 , Issue.5 , pp. 803-815
    • Fleten, S.-E.1    Maribu, K.M.2    Wangensteen, I.3
  • 9
    • 34548862903 scopus 로고    scopus 로고
    • A real option analysis of investments in hydropower-the case of Norway
    • Kjarland, F. (2007) A real option analysis of investments in hydropower-the case of Norway. Energy Policy, 35, 5901-5908.
    • (2007) Energy Policy , vol.35 , pp. 5901-5908
    • Kjarland, F.1
  • 11
    • 54849426292 scopus 로고    scopus 로고
    • The economics of solar power
    • June. Available at The economics of solar power 2161 (accessed November 8, 2011)
    • Lorenz, P., Pinner, D. and Seitz, T. (2008) The economics of solar power. The McKinsey Quarterly, June. Available at http://www.mckinseyquarterly.com/The economics of solar power 2161 (accessed November 8, 2011).
    • (2008) The McKinsey Quarterly
    • Lorenz, P.1    Pinner, D.2    Seitz, T.3
  • 13
    • 84974285078 scopus 로고
    • Investment under uncertainty: The case of replacement investment decisions
    • Mauer, D. and Ott, S. (1995) Investment under uncertainty: the case of replacement investment decisions. Journal of Financial and Quantitative Analysis, 30, 581-605.
    • (1995) Journal of Financial and Quantitative Analysis , vol.30 , pp. 581-605
    • Mauer, D.1    Ott, S.2
  • 15
    • 84863250215 scopus 로고    scopus 로고
    • Available at (accessed November 8, 2011)
    • New Hampshire Office of Energy and Planning. (2008) Small wind energy systems ordinance. Available at http://www.nh.gov/oep/resourcelibrary/swes/ index.htm (accessed November 8, 2011).
    • (2008) Small Wind Energy Systems Ordinance
  • 16
    • 33745728848 scopus 로고    scopus 로고
    • Geometric Brownian motion and structural breaks in oil prices: A quantitative analysis
    • Postali, F.A.S. and Picchetti, P. (2006) Geometric Brownian motion and structural breaks in oil prices: a quantitative analysis. Energy Economics, 28(4), 506-522.
    • (2006) Energy Economics , vol.28 , Issue.4 , pp. 506-522
    • Postali, F.A.S.1    Picchetti, P.2
  • 17
    • 43749088478 scopus 로고    scopus 로고
    • Fuel mix diversification incentives in liberalized electricity markets: A mean-variance portfolio theory approach
    • Roques, F.A., Newbery, D.M. and Nuttall, W.J. (2008) Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach. Energy Economics, 30, 1831-1849.
    • (2008) Energy Economics , vol.30 , pp. 1831-1849
    • Roques, F.A.1    Newbery, D.M.2    Nuttall, W.J.3
  • 18
    • 37149053171 scopus 로고    scopus 로고
    • Decommissioning and equipment replacement of nuclear power plants under uncertainty
    • DOI 10.3327/jnst.44.1347
    • Takashima, R., Naito, Y., Kimura, H. and Madarame, H. (2007) Decommissioning and equipment replacement of nuclear power plants under uncertainty. Journal of Nuclear Science and Technology, 44(11), 1347-1355. (Pubitemid 350260476)
    • (2007) Journal of Nuclear Science and Technology , vol.44 , Issue.11 , pp. 1347-1355
    • Takashima, R.1    Naito, Y.2    Kimura, H.3    Madarame, H.4
  • 19
    • 84863232375 scopus 로고    scopus 로고
    • Available at (accessed November 16, 2011)
    • The Center for Land Use Interpretation. (2011) Abandoned solar plant. Available at http://ludb.clui.org/ex/i/CA4965/ (accessed November 16, 2011).
    • (2011) Abandoned Solar Plant
  • 20
    • 84863275544 scopus 로고    scopus 로고
    • Available at (accessed October 20, 2011)
    • Union of Concerned Scientists. (2011) Production tax credit for renewable energy. Available at http://www.ucsusa.org/cleanenergy/solutions/ bigpicturesolutions/production-tax-credit-for.html (accessed October 20, 2011).
    • (2011) Production Tax Credit for Renewable Energy
  • 21
    • 79957996633 scopus 로고    scopus 로고
    • U.S. Energy Information Administration. Available at (accessed September 28, 2011)
    • U.S. Energy Information Administration. (2010a) Electric power annual 2009. Available at http://38.96.246.204/cneaf/electricity/epa/epa.pdf (accessed September 28, 2011).
    • (2010) Electric Power Annual 2009
  • 22
    • 79960800548 scopus 로고    scopus 로고
    • Available at (accessed October 14, 2011)
    • U.S. Energy Information Administration. (2010b) Updated capital cost estimates for electricity generation plants. Available at http://www.eia.gov/ oiaf/beck plantcosts/ (accessed October 14, 2011).
    • (2010) Updated Capital Cost Estimates for Electricity Generation Plants
  • 23
    • 33646047398 scopus 로고    scopus 로고
    • Electric power generation planning for inter-related projects: A real options approach
    • Wang, C. and Min, K.J. (2006) Electric power generation planning for inter-related projects: a real options approach. IEEE Transactions on Engineering Management, 53, 312-322.
    • (2006) IEEE Transactions on Engineering Management , vol.53 , pp. 312-322
    • Wang, C.1    Min, K.J.2
  • 24
    • 57349109975 scopus 로고    scopus 로고
    • Short-term electric power trading strategies for portfolio optimization
    • Wang, C. and Min, K.J. (2008) Short-term electric power trading strategies for portfolio optimization. The Engineering Economist, 53, 365-379.
    • (2008) The Engineering Economist , vol.53 , pp. 365-379
    • Wang, C.1    Min, K.J.2
  • 25
    • 77956546408 scopus 로고    scopus 로고
    • Improving financial performance with hedging via forwards for electric power generation companies
    • Wang, C. and Min, K.J. (2010) Improving financial performance with hedging via forwards for electric power generation companies. The Engineering Economist, 55, 1-22.
    • (2010) The Engineering Economist , vol.55 , pp. 1-22
    • Wang, C.1    Min, K.J.2
  • 26
    • 84863280582 scopus 로고    scopus 로고
    • Available at (accessed November 8, 2011)
    • WebEcoist.com. (2011) Ten amazingly-abandoned renewable energy plants. Available at http://webecoist.com/2009/05/04/10-abandoned-renewable-energy- plants/ (accessed November 8, 2011).
    • (2011) Ten Amazingly-abandoned Renewable Energy Plants
  • 27
    • 84863232374 scopus 로고    scopus 로고
    • Available at (accessed November 8, 2011)
    • Wilkinson, D. (2010) For the sake of green or greed. Available at http://www.lagrandeobserver.com/Opinion/Guest-Columns/For-the-sake-of-green-or- greed (accessed November 8, 2011).
    • (2010) For the Sake of Green or Greed
    • Wilkinson, D.1
  • 30
    • 35848947234 scopus 로고    scopus 로고
    • Using the federal production tax credit to build a durable market for wind power in the United States
    • Wiser, R., Bolinger, M. and Barbose, G. (2007) Using the federal production tax credit to build a durable market for wind power in the United States. The Electricity Journal, 20, 77-88.
    • (2007) The Electricity Journal , vol.20 , pp. 77-88
    • Wiser, R.1    Bolinger, M.2    Barbose, G.3
  • 31
    • 0025700089 scopus 로고
    • Optimal replacement policy with stochastic maintenance and operation costs
    • DOI 10.1016/0377-2217(90)90317-5
    • Ye, M. (1990) Optimal replacement policywith stochastic maintenance and operation costs. European Journal of Operational Research, 44, 84-94. (Pubitemid 20638481)
    • (1990) European Journal of Operational Research , vol.44 , Issue.1 , pp. 84-94
    • Ye Meng-Hua1
  • 32
    • 78650418732 scopus 로고    scopus 로고
    • Operational asset replacement strategy: A real options approach
    • Zambujal-Oliveira, J. and Duque, J. (2011) Operational asset replacement strategy: a real options approach. European Journal of Operational Research, 210(2), 318-325.
    • (2011) European Journal of Operational Research , vol.210 , Issue.2 , pp. 318-325
    • Zambujal-Oliveira, J.1    Duque, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.