Real Options and Merchant Operations of Energy and Other Commodities (Foundations and Trends in Technology, Information and Operations Management) - Softcover

Softcover

ISBN 10: 1601988427 ISBN 13: 9781601988423

Publisher: Now Pub, 2014

Synopsis

Real Options and Merchant Operations of Energy and Other Commodities delivers a distinctive perspective, integrating finance and operations, on the topic of merchant operations-a new term introduced in the monograph to describe the management and valuation of conversion assets from a merchant perspective. The monograph aims to present the basic tenants of merchant operations as being the management of commodity conversion assets as real options on commodity prices, while the scope is based on the foundational principles that underlie that valuation of real options. Real Options and Merchant Operations of Energy and Other Commodities follows a straightforward approach. Section 2 introduces and explains conversion assets and merchant operations. Section 3 outlines the theory behind the valuation of real options, while Section 4 illustrates a number of widely used models of the evolution of commodity and energy prices. Sections 5 and 6 provide an in-depth explanation of the operational management of commodity storage assets. Section 7 deals with inventory disposal and acquisitions, and swing assets as final considerations, before Section 8 explains future trends in merchant operations research and application.

Edition details

• Publisher: Now Pub
• Publication date: 2014
• Language: English
• ISBN 10: 1601988427
• ISBN 13: 9781601988423
• Binding: Paperback
• Number of pages: 184