An Evaluation of Investment in a PV Power Generation Project in the Gobi Desert Using a Real Options Model

An Evaluation of Investment in a PV Power Generation Project in the Gobi Desert Using a Real Options Model

This paper presents a policy benefit model of a photovoltaic (PV) power generation project based on real options analysis (ROA) and the two-factor learning curve model. The main purpose is to examine the investment behavior of developing a PV project in the Gobi desert considering multiple uncertain...

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Bibliographic Details
Main Authors: Yiqing Li, Weiguo Yang, Lixin Tian, Jie Yang
Format: Article
Language:English
Published: MDPI AG 2018-01-01
Series:Energies
Subjects:
real options
two-factor learning curve
binary tree
unit decision value
optimal investment time
Online Access:http://www.mdpi.com/1996-1073/11/1/257

Internet

http://www.mdpi.com/1996-1073/11/1/257

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