Evaluation method of investment based on real option analysis
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Evaluation method of investment based on real option analysis
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| Автор |
Malyshev, Ye. A.
Podoynitsyn, R. G. |
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| Тематика |
INVESTMENT
MANAGEMENT OPTION REAL OPTIONS ANALYSIS UNCERTAINTY |
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| Описание |
The article describes the advantages and the procedure for applying the theory of real options analysis to the evaluation of investment projects. Also describes the disadvantages of traditional methods and attempt to apply the method of real options to the evaluation investments of energy projects. This method is based on the theory of financial options and allows decrease the uncertainty of the future course of events. Our results have demonstrated a new type of real options. This method has been successfully used in assessing the economic efficiency of the third unit Kharanorskaya Power Plant. The research identified a new type of embedded options and calculated parameters. Also, we conclude that the application of the theory of real options analysis in relation to investment projects in energy allows, first, to reduce the uncertainty of the source of information and, consequently, the amount of risk, and second, to evaluate the cost effectiveness of the project in view of the possible solutions in the future, and third, increase the investment attractiveness of the industry. Different companies, investment banks, and other stakeholders can apply the research results as a methodological apparatus evaluating the investment and the possibility to participate in their financing.
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| Дата |
2024-04-17T11:44:52Z
2024-04-17T11:44:52Z 2013 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Malyshev Ye. A. Evaluation method of investment based on real option analysis / Ye. A. Malyshev, R. G. Podoynitsyn // Economy of Region. — 2013. — Iss. 1. — P. 198-204.
2411-1406 2072-6414 http://elar.urfu.ru/handle/10995/131822 10.17059/2013-1-19 84979828939 |
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| Язык |
ru
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| Связанные ресурсы |
Экономика региона. 2013. Выпуск 1
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| Права |
Open access (info:eu-repo/semantics/openAccess)
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| Формат |
application/pdf
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| Издатель |
Institute of Economics, Ural Branch of the Russian Academy of Sciences
Институт экономики Уральского отделения РАН |
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| Источник |
Econ. Reg.
Economy of Region |
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