메뉴 건너뛰기




Volumn 56, Issue , 2013, Pages 136-150

Real options approach to renewable energy investments in Mongolia

Author keywords

Coal prices; Real options in discrete time; Renewable energy investment

Indexed keywords

DEVELOPING ECONOMIES; DEVELOPING NATIONS; DISCRETE TIME; ELECTRICITY PRICES; GEOMETRIC BROWNIAN MOTION; REAL OPTIONS APPROACH; RENEWABLE ENERGY INVESTMENTS; SWITCHING TECHNOLOGY;

EID: 84875228113     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2012.12.003     Document Type: Article
Times cited : (54)

References (49)
  • 2
    • 77649274476 scopus 로고    scopus 로고
    • Overview of wind power intermittency impacts on power systems
    • Albadi M.H., El-Saadany E.F. Overview of wind power intermittency impacts on power systems. Electric Power Systems Research 2010, 80(6):627-632.
    • (2010) Electric Power Systems Research , vol.80 , Issue.6 , pp. 627-632
    • Albadi, M.H.1    El-Saadany, E.F.2
  • 3
    • 33645411999 scopus 로고    scopus 로고
    • Dynamic Programming and Optimal Control
    • Bertsekas, D.P., 2001. Dynamic Programming and Optimal Control. Athena Scientific.
    • (2001) Athena Scientific
    • Bertsekas, D.P.1
  • 4
    • 6044250348 scopus 로고    scopus 로고
    • The value of flexibility. preservation, remediation, or development for Ginostra
    • Bosetti V., Conrad J.M., Messina E. The value of flexibility. preservation, remediation, or development for Ginostra. Environmental and Resource Economics 2004, 29:219-229.
    • (2004) Environmental and Resource Economics , vol.29 , pp. 219-229
    • Bosetti, V.1    Conrad, J.M.2    Messina, E.3
  • 6
    • 84875213612 scopus 로고    scopus 로고
    • Privatization of the Mongolian coal and energy sectors
    • interview by Neal C. Detert (January 12, 15, 20, 2008)
    • Brown, R., 2008. Privatization of the Mongolian coal and energy sectors. Ulaanbaatar, Mongolia, interview by Neal C. Detert (January 12, 15, 20, 2008).
    • (2008) Ulaanbaatar, Mongolia
    • Brown, R.1
  • 7
    • 79957636563 scopus 로고    scopus 로고
    • Efficient pricing and investment in electricity markets with intermittent resources
    • Chao H. Efficient pricing and investment in electricity markets with intermittent resources. Energy Policy 2011, 39(7):3945-3953.
    • (2011) Energy Policy , vol.39 , Issue.7 , pp. 3945-3953
    • Chao, H.1
  • 8
    • 27944463046 scopus 로고    scopus 로고
    • When to drill? Trigger prices for the Arctic National Wildlife Refuge
    • Conrad J.M., Kotani K. When to drill? Trigger prices for the Arctic National Wildlife Refuge. Resource and Energy Economics 2005, 27(4):273-286.
    • (2005) Resource and Energy Economics , vol.27 , Issue.4 , pp. 273-286
    • Conrad, J.M.1    Kotani, K.2
  • 9
  • 10
    • 0041565118 scopus 로고    scopus 로고
    • Optimizing the level of renewable electric R&D expenditures using real options analysis
    • Davis G.A., Owens B. Optimizing the level of renewable electric R&D expenditures using real options analysis. Energy Policy 2003, 31(15):1589-1608.
    • (2003) Energy Policy , vol.31 , Issue.15 , pp. 1589-1608
    • Davis, G.A.1    Owens, B.2
  • 12
    • 51149096237 scopus 로고    scopus 로고
    • Economist Intelligence Unit, Patersons Dartford, London
    • Country Profile 2007. Mongolia 2007, Economist Intelligence Unit, Patersons Dartford, London.
    • (2007) Country Profile 2007. Mongolia
  • 13
    • 0029518197 scopus 로고
    • The world price of coal
    • Ellerman D. The world price of coal. Energy Policy 1995, 23(6):499-506.
    • (1995) Energy Policy , vol.23 , Issue.6 , pp. 499-506
    • Ellerman, D.1
  • 17
    • 12344272327 scopus 로고    scopus 로고
    • Average retail price of electricity to ultimate customers by end-use sector. Energy Information Administration: Official Energy Statistics from the US Government Website, 〈〉 (accessed March 24, 2008)
    • Energy Information Administration, 2008. Average retail price of electricity to ultimate customers by end-use sector. Energy Information Administration: Official Energy Statistics from the US Government Website, 〈〉 (accessed March 24, 2008). http://www.eia.doe.gov/cneaf/electricity/epa/epat7p4.html.
    • (2008) Energy Information Administration
  • 19
    • 0001087853 scopus 로고
    • Stochastic price model and optimal tree cutting. results for loblolly pine
    • Haight R.G., Holmes T.P. Stochastic price model and optimal tree cutting. results for loblolly pine. Natural Resource Modeling 1991, 5(4):1-21.
    • (1991) Natural Resource Modeling , vol.5 , Issue.4 , pp. 1-21
    • Haight, R.G.1    Holmes, T.P.2
  • 21
    • 77953361090 scopus 로고    scopus 로고
    • Restructuring electricity policy and financial models
    • Hyman L.S. Restructuring electricity policy and financial models. Energy Economics 2010, 32(4):751-757.
    • (2010) Energy Economics , vol.32 , Issue.4 , pp. 751-757
    • Hyman, L.S.1
  • 22
    • 0036827580 scopus 로고    scopus 로고
    • A real options approach to the valuation of a forest investment
    • Insley M. A real options approach to the valuation of a forest investment. Journal of Environmental Economics and Management 2002, 44:471-492.
    • (2002) Journal of Environmental Economics and Management , vol.44 , pp. 471-492
    • Insley, M.1
  • 25
    • 84875225247 scopus 로고    scopus 로고
    • Japanese Statistic Bureau, Ministry of Internal Affairs and Communications, Tokyo
    • Japanese Import Data by Country and Commodity 2008, Japanese Statistic Bureau, Ministry of Internal Affairs and Communications, Tokyo.
    • (2008) Japanese Import Data by Country and Commodity
  • 28
    • 39749118635 scopus 로고    scopus 로고
    • Assessing the long-term system value of intermittent electric generation technologies
    • Lamont A.D. Assessing the long-term system value of intermittent electric generation technologies. Energy Economics 2008, 30(3):1208-1231.
    • (2008) Energy Economics , vol.30 , Issue.3 , pp. 1208-1231
    • Lamont, A.D.1
  • 29
    • 29444436355 scopus 로고    scopus 로고
    • How to analyze the investment-uncertainty relationship in real option models?
    • Lund D. How to analyze the investment-uncertainty relationship in real option models?. Review of Financial Economics 2005, 14(3-4):311-322.
    • (2005) Review of Financial Economics , vol.14 , Issue.3-4 , pp. 311-322
    • Lund, D.1
  • 30
    • 0000009456 scopus 로고
    • Investment under alternative return assumptions, comparing random walks and mean reversion
    • Metcalf G.E., Hasset K.A. Investment under alternative return assumptions, comparing random walks and mean reversion. Journal of Economic Dynamics and Control 1995, 19:1471-1488.
    • (1995) Journal of Economic Dynamics and Control , vol.19 , pp. 1471-1488
    • Metcalf, G.E.1    Hasset, K.A.2
  • 32
    • 84875217267 scopus 로고    scopus 로고
    • Guidelines for Preparing Economic Analyses. U.S. Environmental Protection Agency
    • National Center for Environmental Economics, 2010. Guidelines for Preparing Economic Analyses. U.S. Environmental Protection Agency.
    • (2010) National Center for Environmental Economics
  • 33
    • 84875209744 scopus 로고    scopus 로고
    • Monthly Statistics Bulletin, January, 2011. National Statistics Office of Mongolia
    • National Statistics Office of Mongolia, 2011. Monthly Statistics Bulletin, January, 2011. National Statistics Office of Mongolia.
    • (2011) National Statistics Office of Mongolia
  • 34
    • 0032673708 scopus 로고    scopus 로고
    • The long-run evolutions of energy prices
    • Pindyck R.S. The long-run evolutions of energy prices. Energy Journal 1999, 20(2):1-28.
    • (1999) Energy Journal , vol.20 , Issue.2 , pp. 1-28
    • Pindyck, R.S.1
  • 35
    • 0034234050 scopus 로고    scopus 로고
    • Irreversibilities and the timing of environmental policy
    • Pindyck R.S. Irreversibilities and the timing of environmental policy. Resource and Energy Economics 2000, 22:233-259.
    • (2000) Resource and Energy Economics , vol.22 , pp. 233-259
    • Pindyck, R.S.1
  • 36
    • 0036104837 scopus 로고    scopus 로고
    • Optimal timing problems in environmental economics
    • Pindyck R.S. Optimal timing problems in environmental economics. Journal of Economic Dynamics and Control 2002, 26:1677-1697.
    • (2002) Journal of Economic Dynamics and Control , vol.26 , pp. 1677-1697
    • Pindyck, R.S.1
  • 37
    • 0032073604 scopus 로고    scopus 로고
    • The optimal timber rotation. an option value approach
    • Plantinga A.J. The optimal timber rotation. an option value approach. Forest Science 1998, 44(2):192-202.
    • (1998) Forest Science , vol.44 , Issue.2 , pp. 192-202
    • Plantinga, A.J.1
  • 39
    • 0037698043 scopus 로고    scopus 로고
    • The effect of mean reversion on investment under uncertainty
    • Sarkar S. The effect of mean reversion on investment under uncertainty. Journal of Economic Dynamics and Control 2003, 28:377-396.
    • (2003) Journal of Economic Dynamics and Control , vol.28 , pp. 377-396
    • Sarkar, S.1
  • 42
    • 33750191491 scopus 로고    scopus 로고
    • Real options valuation of US federal renewable energy research, development, demonstration, and deployment
    • Siddiqui, A.S., Marnay, C., Wiser, R.H., 2007. Real options valuation of US federal renewable energy research, development, demonstration, and deployment. Energy Policy 35 (1), 265-279.
    • (2007) Energy Policy , vol.35 , Issue.1 , pp. 265-279
    • Siddiqui, A.S.1    Marnay, C.2    Wiser, R.H.3
  • 43
    • 0003316318 scopus 로고    scopus 로고
    • Options in the real world. lessons learned in evaluating oil and gas investments
    • Smith J.E., McCardle K.F. Options in the real world. lessons learned in evaluating oil and gas investments. Operations Research 1999, 47(1):1-15.
    • (1999) Operations Research , vol.47 , Issue.1 , pp. 1-15
    • Smith, J.E.1    McCardle, K.F.2
  • 45
    • 14044266208 scopus 로고    scopus 로고
    • Defining geographic coal markets using price data and shipments data
    • Wårell L. Defining geographic coal markets using price data and shipments data. Energy Policy 2005, 33:2216-2230.
    • (2005) Energy Policy , vol.33 , pp. 2216-2230
    • Wårell, L.1
  • 48
    • 84875230530 scopus 로고    scopus 로고
    • The coal resource: a comprehensive overview of coal. World Coal Institute Website, 〈〉 (accessed February 12, 2008)
    • World Coal Institute, 2005. The coal resource: a comprehensive overview of coal. World Coal Institute Website, 〈〉 (accessed February 12, 2008). http://www.worldcoal.org.
    • (2005) World Coal Institute
  • 49
    • 84875218036 scopus 로고    scopus 로고
    • World Health Organization, World Health Organization, Geneva
    • Outdoor Air Pollution Data Base 2011, World Health Organization, World Health Organization, Geneva.
    • (2011) Outdoor Air Pollution Data Base


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.