Real Options in Energy and Commodity Markets

Edited by Nicola Secomandi

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: The field of real options is concerned with the management and financial valuation of operational flexibility in business endeavors. From the very outset, energy and commodity markets — which play fundamental roles in the worldwide economy — have provided a relevant context for real option analysis, both in theory and practice.

Keywords: Energy and Commodity Markets; Real Options; Commodity Storage and Shipping; Emission Markets; Mining Operations; Hydrocarbon Cracking Operations; Gasoline Portfolio Optimization; Market Equilibrium; Market Impact; Risk-Neutral Valuation; Financial Hedging; Stochastic Optimization; Monte Carlo Simulation (search for similar items in EconPapers)
JEL-codes: Q02 (search for similar items in EconPapers)
Date: 2017
ISBN: 9789813149403
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https://www.worldscientific.com/worldscibooks/10.1142/10269 (text/html)
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Chapters in this book:

Ch 1 Commodity Prices and the Option Value of Storage , pp 3-29

Lewis Evans and Graeme Guthrie

Ch 2 A Capacitated Commodity Trading Model with Market Power , pp 31-60

Victor Martínez- de-Albéniz and Josep Maria Vendrell Simón

Ch 3 Stochastic Volatility Modeling of Emission Allowances Futures Prices in the European Union Emission Trading System Market , pp 63-115

Fred Espen Benth, Marcus Eriksson and Sjur Westgaard

Ch 4 Optimal Exploitation of a Mineral Resource under Stochastic Market Prices , pp 117-171

René Caldentey, Rafael Epstein and Denis Sauré

Ch 5 Real Option Management of Hydrocarbon Cracking Operations , pp 173-202

Selvaprabu Nadarajah, Nicola Secomandi, Gary Sowers and John M. Wassick

Ch 6 Contract Portfolio Optimization for a Gasoline Supply Chain , pp 203-238

Daniel Adelman and Shanshan Wang

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Persistent link: https://EconPapers.repec.org/RePEc:wsi:wsbook:10269

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