High-speed rail transport valuation

Detalhes bibliográficos
Autor(a) principal: Pimentel, Pedro Miguel
Data de Publicação: 2012
Outros Autores: Pereira, José Azevedo, Couto, Gualter
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/24679
Resumo: In this paper, the optimal timing for investing in high-speed rail projects under uncertainty in relation to the utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework using a stochastic demand model was developed to determine the optimal time to invest. Uncertainty upon investment expenditures was also added in an extended framework. The value of the option to defer and the investment opportunity value were also assessed
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spelling High-speed rail transport valuationReal OptionsUncertaintyTimingWaitingInvestmentHigh-Speed RailIn this paper, the optimal timing for investing in high-speed rail projects under uncertainty in relation to the utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework using a stochastic demand model was developed to determine the optimal time to invest. Uncertainty upon investment expenditures was also added in an extended framework. The value of the option to defer and the investment opportunity value were also assessedTaylor & Francis GroupRepositório da Universidade de LisboaPimentel, Pedro MiguelPereira, José AzevedoCouto, Gualter2022-06-27T11:07:23Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24679engPimentel, Pedro Miguel; José Azevedo-Pereira and Gualter Couto. (2012). "High-speed rail transport valuation." The European Journal of Finance, Vol. 18, no. 2, pp. 167-183.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-11-20T19:30:45Zoai:repositorio.ul.pt:10400.5/24679Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-11-20T19:30:45Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv High-speed rail transport valuation
title High-speed rail transport valuation
spellingShingle High-speed rail transport valuation
Pimentel, Pedro Miguel
Real Options
Uncertainty
Timing
Waiting
Investment
High-Speed Rail
title_short High-speed rail transport valuation
title_full High-speed rail transport valuation
title_fullStr High-speed rail transport valuation
title_full_unstemmed High-speed rail transport valuation
title_sort High-speed rail transport valuation
author Pimentel, Pedro Miguel
author_facet Pimentel, Pedro Miguel
Pereira, José Azevedo
Couto, Gualter
author_role author
author2 Pereira, José Azevedo
Couto, Gualter
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Pimentel, Pedro Miguel
Pereira, José Azevedo
Couto, Gualter
dc.subject.por.fl_str_mv Real Options
Uncertainty
Timing
Waiting
Investment
High-Speed Rail
topic Real Options
Uncertainty
Timing
Waiting
Investment
High-Speed Rail
description In this paper, the optimal timing for investing in high-speed rail projects under uncertainty in relation to the utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework using a stochastic demand model was developed to determine the optimal time to invest. Uncertainty upon investment expenditures was also added in an extended framework. The value of the option to defer and the investment opportunity value were also assessed
publishDate 2012
dc.date.none.fl_str_mv 2012
2012-01-01T00:00:00Z
2022-06-27T11:07:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/24679
url http://hdl.handle.net/10400.5/24679
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Pimentel, Pedro Miguel; José Azevedo-Pereira and Gualter Couto. (2012). "High-speed rail transport valuation." The European Journal of Finance, Vol. 18, no. 2, pp. 167-183.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor & Francis Group
publisher.none.fl_str_mv Taylor & Francis Group
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
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