This paper proposes an improved approach to risk assessment of generation investment in the new deregulated environment using the option pricing theory. A more realistic model for electricity price in the application of real option pricing method for generation asset valuation is proposed, which...

Purchasing goods from distant locations introduces a significant lag between when a product is shipped and when it arrives. These transit lags are trade barriers for firms facing volatile demand, who must place orders before knowing the resolution of demand uncertainty. We provide a model in...

The value of asset, tenor and implied volatility are urgently needed for new candidate public companies, underwriters and investors in order to seek the likelihood opportunity of initial public offering whether its. going to be undervalue or overvalue after listed in stock market. Undervalue...

In der vorliegenden Arbeit werden ausgewählte Probleme, die im Zusammenhang mit der Subventionierung von erneuerbarer Energien stehen, in finanztheoretischen und industrieökonomischen Modellen formal analysiert. Der erste Teil der Arbeit beschäftigt sich mit der Subventionierung von...

Long-term leases on property are popular in many jurisdictions, both with private vendors and with local governments who want to retain future control over land use. A puzzling issue for vendors and purchasers has been how to value these leased properties relative to fee-simple properties....

This article has presented a farmer decision making model of participation in the Conservation Reserve Program (CRP) under the current rising bio-fuel production. The decision is specified as an optimal stopping problem and farming return is assumed following stochastic process with the...

The implementation of enterprise systems has facilitated the development of shared data environments within organizations and conjointly the capability for broader based management control systems (MCS). Yet, several studies have found that most organizations have experienced little change in...

This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing...

Purpose: The purpose of this paper is to introduce the concept of timescape and examine its impact on corporate real estate strategy, i.e. the people, process, space and technology elements of strategy. Design/methodology/approach: This paper utilises a qualitative approach to analyse secondary...

Purpose - The purpose of this paper is to examine the impact of globalisation on corporate real estate strategies. Specifically, it seeks to identify corporate real estate capabilities that are important in a hypercompetitive business climate.Design/methodology/approach - This paper utilises a...