A basic study of optimal investment of p
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Moritoshi Kato; Yicheng Zhou
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Article
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2010
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John Wiley and Sons
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English
⚖ 954 KB
## Abstract This paper proposes a novel method based on real options theory for economic evaluation of the replacement of an old coal‐fired thermal power plant (COAL) with a coal‐fired thermal power plant that includes a CCS (carbon dioxide capture and storage) unit. We calculate the real option va