Economic and participatory methods of project appraisal have traditionally been viewed as mutually exclusive alternatives, as they address different decision making criteria. Participatory methods such citizens' juries (or value juries) have been suggested as a means of better coping with some of the problems associated with economic evaluation methods such as contingent valuation. However, par...

This paper describes the design and implementation of a software system that, from a high level specification language, generates source code for the valuation of real options. The specification language allows the description at an abstract level and independently of any valuation method specific details, firstly of the flexibility that is present in an investment project in the form of a coll...

A major advance in development of project selection tools came with the application of options reasoning to R&D. The options approach to project valuation seeks to correct the deficiencies of traditional methods of valuation through the recognition that managerial flexibility can bring significant value to a project. The main concern is how to deal with non-statistical imprecision we encounter ...

For the valuation of the renewable energy investments, providing private investors with a financial incentive to accelerate their investment is a very significant issue. Financial subsidies are known by the majority of the people to be one of the most important drivers in renewable energy expansion and one of the main reasons which result in the development of any industry. In this paper, we pr...

In this paper, a practical application of a valuation method that decouples the time value of money from the risk associated with the project is used to value an investment on a solar project. The proposed method is termed decoupled net present value (DNPV). A simple investment renewable energy project is presented using both the traditional NPV techniques and the proposed DNPV. The proposed me...