| Real Options and Merchant Operations of Energy and Other Commodities Contributor(s): Secomandi, Nicola (Author), Seppi, Duane J. (Author) |
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ISBN: 1601988427 ISBN-13: 9781601988423 Publisher: Now Publishers OUR PRICE: $94.05 Product Type: Paperback - Other Formats Published: June 2014 |
| Additional Information |
| BISAC Categories: - Business & Economics | Investments & Securities - Commodities - General - Business & Economics | Industries - Energy - Business & Economics | Production & Operations Management |
| Series: Foundations and Trends(r) in Technology, Information and Ope |
| Physical Information: 0.4" H x 6.14" W x 9.21" (0.60 lbs) 190 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |