In this paper we study the economic feasibility of constructing a 560 MW coal-fired power plant in Turkey, using real options theory [1]. We start from a short review of the Turkish electricity market as well as the literature on real options theory and power plant investment. We then...

In this paper we study the economic feasibility of constructing a 560MW coal-fired power plant in Turkey, using real options theory [1]. We start from a short review of the Turkish electricity market as well as the literature on real options theory and power plant investment. We then investigate...

This study presents an investment planning model that integrates learning curve information on renewable power generation technologies into a dynamic programming formulation featuring real options analysis. The model recursively evaluates a set of investment alternatives on a year-by-year basis,...

In this paper we study the economic feasibility of constructing a 560 MW coal-fired power plant in Turkey, using real options theory. We start from a short review of the Turkish electricity market as well as the literature on real options theory and power plant investment. We then investigate...