| 000 | 01462nab a2200181 4500 | ||
|---|---|---|---|
| 005 | 20260520001936.0 | ||
| 008 | 260224s2010 xxu | ||
| 245 | 0 | 0 | _aFinancial factor models for correlated inputs in the simulation of project cash flows |
| 260 |
_a _b _cdic. 2010 |
||
| 270 | _a26/05/2011 ; 26/05/2011 | ||
| 300 | _a3 p. ; 54-57 | ||
| 520 | _aTranscripción del resumen del autor: In this paper we discuss a coherent and consistent framework for valuation of large-scale projects—the risk-neutral valuation scheme. This valuation framework deals with the uncertainties at the source instead of risk-adjusting the discounted cash flows. The uncertainties are categorized into two groups; market (public) uncertainties and technical (private) uncertainties. Some of the uncertainties are dependent on each other and ignoring such inter-dependencies will affect the valuation results. However, for problems with a large number of sources of uncertainties, the assessment of inter-dependencies becomes complex and burdensome. In this paper, we introduce financial factor models to simplify the correlation assessment problem. The factor models can be integrated with the logic of risk-neutral valuation and will form a consistent approach to valuation. | ||
| 581 | _a1-2 | ||
| 773 | 0 |
_tJournal of Petroleum Science & Engineering _g75 |
|
| 942 | _cARTICULO | ||
| 100 | 1 |
_aJafarizadeh, Babak _950012 |
|
| 999 |
_c182020 _d182020 |
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