What is the value of the option to defer an investment in Transmission Expansion Planning? An estimation using Real Options
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DOI: 10.1016/j.eneco.2017.05.001
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- Chen, Yong & Gibson, Nathan & Biswas, Arpan & Li, An & Bashiri, Hamid & Sharifi, Erfaneh & Fuentes, Claudio & Hoyle, Christopher & Leon, Arturo S. & Skypeck, Christopher J., 2021. "Valuation of operational flexibility: A case study of Bonneville power administration," Energy Economics, Elsevier, vol. 98(C).
- Alexander, Carol & Chen, Xi & Ward, Charles, 2021.
"Risk-adjusted valuation for real option decisions,"
Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 1046-1064.
- Carol Alexander & Xi Chen & Charles Ward, 2021. "Risk-Adjusted Valuation for Real Option Decisions," Papers 2109.04793, arXiv.org.
- Henao, Alvin & Sauma, Enzo & Gonzalez, Angel, 2018. "Impact of introducing flexibility in the Colombian transmission expansion planning," Energy, Elsevier, vol. 157(C), pages 131-140.
- Penizzotto, F. & Pringles, R. & Olsina, F., 2019. "Real options valuation of photovoltaic power investments in existing buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
- Raisa Pérez-Vas & Javier Hervés-Estévez & María Dolores Garza Gil & Raquel Fernández-González, 2024. "Valuation of an innovative investment project using real options approach: A case study of a viticulture company in Spain," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 70(2), pages 91-100.
- Lavrutich, Maria & Hagspiel, Verena & Siddiqui, Afzal S., 2023. "Transmission investment under uncertainty: Reconciling private and public incentives," European Journal of Operational Research, Elsevier, vol. 304(3), pages 1167-1188.
- Marie-Cécile Alvarez-Herault & Jean-Pierre Dib & Oana Ionescu & Bertrand Raison, 2022. "Long-Term Planning of Electrical Distribution Grids: How Load Uncertainty and Flexibility Affect the Investment Timing," Energies, MDPI, vol. 15(16), pages 1-27, August.
- Guo, Hui & Xiao, Yunpeng & Pinson, Pierre & Wang, Xiuli & Zhang, Likai & Wang, Xifan, 2025. "A negotiation-based incentive mechanism for efficient Transmission Expansion Planning considering generation investment equilibrium in deregulated environment," Applied Energy, Elsevier, vol. 386(C).
- Marie-Cécile Alvarez-Hérault & Jean-Pierre Dib & Oana Ionescu & Bertrand Raison, 2022. "Long-Term Planning of Electrical Distribution Grids: How Load Uncertainty and Flexibility Affect the Investment Timing," Post-Print hal-04051093, HAL.
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More about this item
Keywords
Transmission Expansion Planning; Real options; Option to defer; Binomial tree; Flexibility;All these keywords.
JEL classification:
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
- L99 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Other
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