<p>How ought you to evaluate your options if you're uncertain about what's fundamentally valuable? A prominent response is Expected Value Maximisation (EVM)βthe view that under axiological uncertainty, an option is better than another if and only if it has the greater expected value across axiologie
Energy Investments: An Adaptive Approach to Profiting from Uncertainties
β Scribed by Ricardo G. Barcelona (auth.)
- Publisher
- Palgrave Macmillan UK
- Year
- 2017
- Tongue
- English
- Leaves
- 508
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
This book examines what lies behind the uncertainties surrounding the fuel and power markets. Exploring the role of renewables and how they potentially disrupt or create opportunities, it challenges widely accepted wisdoms in investment. The author asks questions such as: Are βbusiness as usualβ strategies that favour fossil fuels the best route to future prosperity? What prospects do firms face when their competitors diversify into renewables? Why do generous subsidies to renewables often fail to achieve wide-scale deployment? Illustrating how real options and option games reasoning yield vastly different insights from those gained from NPVs, Energy Investments offers case studies and simulations to demonstrate how firms can benefit from the methods it showcases.
β¦ Table of Contents
Front Matter ....Pages i-xxix
Front Matter ....Pages 1-1
Decision-Framing (Ricardo G. Barcelona)....Pages 3-23
Energy Transitions (Ricardo G. Barcelona)....Pages 25-54
Getting the Sums Wrong (Ricardo G. Barcelona)....Pages 55-76
Strategic Myopia and Certainty (Ricardo G. Barcelona)....Pages 77-96
Front Matter ....Pages 97-97
Why Flexibility (Ricardo G. Barcelona)....Pages 99-120
Valuing Managerial Flexibility (Ricardo G. Barcelona)....Pages 121-150
Option Games Rivals Play (Ricardo G. Barcelona)....Pages 151-174
Dynamic Competition (Ricardo G. Barcelona)....Pages 175-203
Front Matter ....Pages 205-205
Markets Are not Created Equal (Ricardo G. Barcelona)....Pages 207-235
Subsidies (Ricardo G. Barcelona)....Pages 237-265
Front Matter ....Pages 267-267
Accessing Funding (Ricardo G. Barcelona)....Pages 269-304
Climate Financing (Ricardo G. Barcelona)....Pages 305-333
Acquire or Build (Ricardo G. Barcelona)....Pages 335-356
Front Matter ....Pages 357-357
Costing Energy (Ricardo G. Barcelona)....Pages 359-393
Appropriating Payoffs (Ricardo G. Barcelona)....Pages 395-454
Doing the Managerial Flexibility Maths (Ricardo G. Barcelona)....Pages 455-472
Front Matter ....Pages 473-473
βSo Whatβ and βWhat Nextβ (Ricardo G. Barcelona)....Pages 475-485
Back Matter ....Pages 487-496
β¦ Subjects
Industries
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