Valuation of a Crude Oil Refinery in Brazil Under a Real Options Approach

Carolina Castro Lopes (), Frances Fischberg Blank and Davi Michel Valladão
Additional contact information
Carolina Castro Lopes: Pontifical Catholic University of Rio de Janeiro
Frances Fischberg Blank: Pontifical Catholic University of Rio de Janeiro
Davi Michel Valladão: Pontifical Catholic University of Rio de Janeiro

Chapter Chapter 48 in Operations Management for Social Good, 2020, pp 491-499 from Springer

Abstract: Abstract Oil refineries are complex projects subject to uncertainties. Given that Brazil is an oil product importer, this work provides an investment analysis of a refinery considering managerial flexibilities. Crack spread and exchange rate are modeled as stochastic processes and the deferral and shutdown options are evaluated.

Keywords: Oil refineries; Crack spread; Real options (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-23816-2_48

Ordering information: This item can be ordered from
http://www.springer.com/9783030238162

DOI: 10.1007/978-3-030-23816-2_48

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().