Abstract
This paper is aimed to using the fuzzy real option analysis to evaluate project’s economic effectiveness for highly uncertain wind power investment. The performance of the proposed model has been verified by applying the model to a simple numerical example. It is found that an appropriate options strategy allows the real option value model to reduce investment implementation costs, enhance investment performance, and facilitate an estimation of substantial benefits created by specific policies.
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Sheen, JN. (2014). Real Option Analysis for Renewable Energy Investment Under Uncertainty. In: Juang, J., Chen, CY., Yang, CF. (eds) Proceedings of the 2nd International Conference on Intelligent Technologies and Engineering Systems (ICITES2013). Lecture Notes in Electrical Engineering, vol 293. Springer, Cham. https://doi.org/10.1007/978-3-319-04573-3_35
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DOI: https://doi.org/10.1007/978-3-319-04573-3_35
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-04572-6
Online ISBN: 978-3-319-04573-3
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