Ethanol plant investment using net present value and real options analyses
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چکیده
منابع مشابه
Ethanol Plant Investment using Net Present Value and Real Options Analyses
A real option analysis of dry-grind corn ethanol plants compared to a standard net present value analysis (NPV) shows that the option values increase entry prices and lower exit prices of investment and disinvestment considerably. For a large plant, the gross margin of ethanol price over the corn price for a gallon of ethanol using NPV shows that entry will occur with a $0.45 margin and shutdow...
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ژورنال
عنوان ژورنال: Biomass and Bioenergy
سال: 2009
ISSN: 0961-9534
DOI: 10.1016/j.biombioe.2009.06.010