
Real Options and Merchant Operations of Energy and Other Commodities
now publishers Inc
Published on 11. July 2014
Book
Paperback/Softback
190 pages
978-1-60198-842-3 (ISBN)
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.
More details
Series
Language
English
Place of publication
Hanover
United States
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 10 mm
Weight
275 gr
ISBN-13
978-1-60198-842-3 (9781601988423)
DOI
10.1561/0200000024
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
Aim and Scope. Commodity Conversion Asset and Merchant Operations. Commodity Option Valuation. Modeling Commodity and Energy Prices. Modeling Commodity Storage Assets. Benchmarking the Practice Based Management of Commodity Storage Assets. Modeling Other Commodity Conversion Assets. Trends.