The Option-Pricing Model of Wind Power Investment Projects Included Value-Leaking Losses

Hao Lu () and Peng Cheng
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Hao Lu: Chongqing Jiaotong University
Peng Cheng: Logistic Engineering University

Chapter Chapter 36 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 335-342 from Springer

Abstract: Abstract Compared with conventional generation, the investment in the wind power faces more risks. In this paper, we considered the value leaking losses in the wind power project which stem from the cash flow and convenience value ratio proposed a unique approach based on the method presented by Copeland and Antikarov, and illustrates the approach with an investment of the wind power project example.

Keywords: Binomial decision tree; Real option; Wind power; Value-leaking losses (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38427-1_36

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DOI: 10.1007/978-3-642-38427-1_36

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