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Real options appraisal of forestry investments under information scarcity in biomass markets

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  • Zambujal-Oliveira, João
  • Mouta-Lopes, Manuel
  • Bangueses, Ricardo

Abstract

Technology projects involve the acquisition and development of assets with different natures, such as infrastructure and application software, which might have little value unless other assets are present. Even when the benefits associated with a particular asset can be isolated, they involve a high degree of uncertainty, because their execution is affected by several organizational aspects. The multiple choices necessary for the project development imply different phases and cost schemes, so choosing among these choices has implications for the options available for the project manager once the project has started.

Suggested Citation

  • Zambujal-Oliveira, João & Mouta-Lopes, Manuel & Bangueses, Ricardo, 2021. "Real options appraisal of forestry investments under information scarcity in biomass markets," Resources Policy, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:jrpoli:v:74:y:2021:i:c:s0301420717306335
    DOI: 10.1016/j.resourpol.2020.101735
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    2. Zhang, Kai & Yin, Kedong & Yang, Wendong, 2022. "Predicting bioenergy power generation structure using a newly developed grey compositional data model: A case study in China," Renewable Energy, Elsevier, vol. 198(C), pages 695-711.

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