Flexible Use of Diesel or Biodiesel: An Approach Via Real Options
Autor(a) principal: | |
---|---|
Data de Publicação: | 2008 |
Outros Autores: | |
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. |
id |
FBS-1_a3ae134e450d1af14a41ee5b31e19c34 |
---|---|
oai_identifier_str |
oai:ojs.pkp.sfu.ca:article/393 |
network_acronym_str |
FBS-1 |
network_name_str |
BBR. Brazilian Business Review (English edition. Online) |
repository_id_str |
|
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 |
_version_ |
1754732238576025600 |