Energy shortage, global warming, and climate change led to an increase in the use of
alternative sources of energy, with renewable energy sources (RES) playing a fundamental …

A great deal of theoretical work exists on how to model and value investment opportunities
having real options. To date, this work has provided new insights into capital budgeting …

How should firms decide whether and when to invest in new capital equipment, additions to
their workforce, or the development of new products? Why have traditional economic models …

This article serves two main purposes. First, it aims to provide a comprehensive overview of
the existing real options literature and applications, as well as to present practically useful …

We use a real options approach to evaluate the performance of several proxy variables for a
firm's investment opportunity set. The results show that, on a relative scale, the market‐to …

Real options in capital investment Page 2 Real Options in Capital Investment Page 3 This
page intentionally left blank Page 4 Real Options in Capital Investment Models, Strategies …

Explores real option theory applied in practice Real options are quickly becoming the
valuation and decision-making method of choice for many companies, including oil and gas …

The price of crude oil never exceeded 40perbarreluntilmid-2004.ByJuly2008itpeakedat 145
and by late 2008 it fell to 30beforeincreasingto 110 in 2011. Are speculators partly to blame …

Many firms in the oil and gas business have long used decision analysis techniques to
evaluate exploration and development opportunities and have looked at recent …

A major advance in the development of project selection tools came with the application of
options reasoning in the field of Research and Development (R&D). The options approach …