An overview of today's energy markets from a multi-commodity perspective As global
warming takes center stage in the public and private sectors, new debates on the future of …

Praise for Energy and Power Risk Management" Energy and Power Risk Management
identifies and addresses the key issues in the development of the turbulent energy industry …

Life annuities and pension products usually involve a number of guarantees, such as
minimum accumulation rates, minimum annual payments or a minimum total payout …

This paper examines the evaluation of a waste management project's alternatives through a
quantitative risk analysis. Cost benefit analysis is a widely used method, in which the …

In a recent paper, Longstaff and Schwartz (2001) suggest a method to American option
valuation based on simulation. The method is termed the Least Squares Monte Carlo (LSM) …

The revenue risk is considerable in infrastructure project financing arrangements such as
build–operate–transfer (BOT). A potential mitigation strategy for the revenue risk is a …

Private financing of large-scale infrastructure projects through public private partnerships
(PPPs) has grown in recent decades. Together with changes in conventional construction …

In this paper we show how a multidimensional American real option may be solved using
the LSM simulation method originally proposed by Longstaff and Schwartz [2001, The …

This paper provides a numerical approach based on a Monte Carlo simulation for valuing
dynamic capital budgeting problems with many embedded real options dependent on …

Meeting electricity demand with renewable generation requires spending trillions of dollars
in investments exposed to financial risk. Renewable projects have multiple strategic real …