Flexible Use of Diesel or Biodiesel: An Approach Via Real Options

Detalhes bibliográficos
Autor(a) principal: Gonçalves, Edson Daniel Lopes
Data de Publicação: 2008
Outros Autores: Ferreira, Leonardo Leandro
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: BBR. Brazilian Business Review (English edition. Online)
Texto Completo: http://www.bbronline.com.br/index.php/bbr/article/view/393
Resumo: Our main goal is to study the development of biodiesel as a renewable energy source in Brazilian reality. Specifically, we shall discuss the flexibility between traditional diesel and biodiesel. It will be evaluated the option pricing of a diesel-run device where it is possible to use diesel or biodiesel. The evaluation will be done by means of a Real Options Approach, where the choice is modeled on a European options sequence. We also comment on the added gains for a country like Brazil.
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spelling Flexible Use of Diesel or Biodiesel: An Approach Via Real OptionsFlexibilidade na Utilização de Diesel ou Biodiesel: Uma Abordagem Via Opções Reaisinvestment under uncertaintyreal optionsflexibilityrenewable energy sourcesInvestimento sob IncertezaOpções ReaisFlexibilidadeFontes Renováveis de EnergiaOur main goal is to study the development of biodiesel as a renewable energy source in Brazilian reality. Specifically, we shall discuss the flexibility between traditional diesel and biodiesel. It will be evaluated the option pricing of a diesel-run device where it is possible to use diesel or biodiesel. The evaluation will be done by means of a Real Options Approach, where the choice is modeled on a European options sequence. We also comment on the added gains for a country like Brazil.Este trabalho abordará o desenvolvimento do Biodiesel como combustível de fontes renováveis na matriz energética brasileira. Em especial será abordada a flexibilidade de utilização entre o Diesel tradicional de origem petrolífera e o Biodiesel de origem vegetal. Assim, nosso objetivo é avaliar a flexibilidade existente entre o Diesel mineral e o Biodiesel. Para tanto, utilizaremos uma abordagem via opções reais, no qual a escolha do combustível para abastecimento é modelada como uma sequência de opções européias. Estas “Switch Input Real Options” geram valor ao projeto e minimizam riscos associados a falta de oferta de energia, outro problema recorrente em nossa realidade.Por fim, será comentado o potencial de ganho no agregado para um país como o Brasil, com um modal de transportes predominantemente rodoviário e dependente do Diesel.FUCAPE Business Shool2008-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/39310.15728/bbr.2008.5.3.4Brazilian Business Review; Vol. 5 No. 3 (2008): Setembro a Dezembro de 2008; 218-232Brazilian Business Review; v. 5 n. 3 (2008): September to December 2008; 218-2321808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/393/600http://www.bbronline.com.br/index.php/bbr/article/view/393/601Copyright (c) 2008 Brazilian Business Reviewhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessGonçalves, Edson Daniel LopesFerreira, Leonardo Leandro2018-11-06T19:58:36Zoai:ojs.pkp.sfu.ca:article/393Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2018-11-06T19:58:36BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false
dc.title.none.fl_str_mv Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
Flexibilidade na Utilização de Diesel ou Biodiesel: Uma Abordagem Via Opções Reais
title Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
spellingShingle Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
Gonçalves, Edson Daniel Lopes
investment under uncertainty
real options
flexibility
renewable energy sources
Investimento sob Incerteza
Opções Reais
Flexibilidade
Fontes Renováveis de Energia
title_short Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
title_full Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
title_fullStr Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
title_full_unstemmed Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
title_sort Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
author Gonçalves, Edson Daniel Lopes
author_facet Gonçalves, Edson Daniel Lopes
Ferreira, Leonardo Leandro
author_role author
author2 Ferreira, Leonardo Leandro
author2_role author
dc.contributor.author.fl_str_mv Gonçalves, Edson Daniel Lopes
Ferreira, Leonardo Leandro
dc.subject.por.fl_str_mv investment under uncertainty
real options
flexibility
renewable energy sources
Investimento sob Incerteza
Opções Reais
Flexibilidade
Fontes Renováveis de Energia
topic investment under uncertainty
real options
flexibility
renewable energy sources
Investimento sob Incerteza
Opções Reais
Flexibilidade
Fontes Renováveis de Energia
description Our main goal is to study the development of biodiesel as a renewable energy source in Brazilian reality. Specifically, we shall discuss the flexibility between traditional diesel and biodiesel. It will be evaluated the option pricing of a diesel-run device where it is possible to use diesel or biodiesel. The evaluation will be done by means of a Real Options Approach, where the choice is modeled on a European options sequence. We also comment on the added gains for a country like Brazil.
publishDate 2008
dc.date.none.fl_str_mv 2008-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Artigo revisado pelos pares
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://www.bbronline.com.br/index.php/bbr/article/view/393
10.15728/bbr.2008.5.3.4
url http://www.bbronline.com.br/index.php/bbr/article/view/393
identifier_str_mv 10.15728/bbr.2008.5.3.4
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv http://www.bbronline.com.br/index.php/bbr/article/view/393/600
http://www.bbronline.com.br/index.php/bbr/article/view/393/601
dc.rights.driver.fl_str_mv Copyright (c) 2008 Brazilian Business Review
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2008 Brazilian Business Review
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv FUCAPE Business Shool
publisher.none.fl_str_mv FUCAPE Business Shool
dc.source.none.fl_str_mv Brazilian Business Review; Vol. 5 No. 3 (2008): Setembro a Dezembro de 2008; 218-232
Brazilian Business Review; v. 5 n. 3 (2008): September to December 2008; 218-232
1808-2386
1807-734X
reponame:BBR. Brazilian Business Review (English edition. Online)
instname:Fucape Business School (FBS)
instacron:FBS
instname_str Fucape Business School (FBS)
instacron_str FBS
institution FBS
reponame_str BBR. Brazilian Business Review (English edition. Online)
collection BBR. Brazilian Business Review (English edition. Online)
repository.name.fl_str_mv BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)
repository.mail.fl_str_mv || bbronline@bbronline.com.br
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