High speed rail transport valuation

Detalhes bibliográficos
Autor(a) principal: Pimentel, Pedro
Data de Publicação: 2008
Outros Autores: Azevedo-Pereira, José, 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/10400.3/4807
Resumo: The present paper investigates the optimal timing of investment for a high speed rail (HSR) project, in an uncertain environment, using a real options analysis (ROA) framework. It develops a continuous time framework with stochastic demand that allows for the determination of the optimal timing of investment and the value of the option to defer in the overall valuation of the project. The modelling approach used is based on the differential utility provided to railway users by the HSR service.
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spelling High speed rail transport valuationHigh Speed RailInvestmentReal OptionsThe present paper investigates the optimal timing of investment for a high speed rail (HSR) project, in an uncertain environment, using a real options analysis (ROA) framework. It develops a continuous time framework with stochastic demand that allows for the determination of the optimal timing of investment and the value of the option to defer in the overall valuation of the project. The modelling approach used is based on the differential utility provided to railway users by the HSR service.Universidade dos AçoresRepositório da Universidade dos AçoresPimentel, PedroAzevedo-Pereira, JoséCouto, Gualter2018-09-14T17:19:27Z2008-112008-11-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.3/4807engPimentel, Pedro; Azevedo-Pereira, José; Couto, Gualter (2008). High speed rail transport valuation, "Working Paper Series", 14, 27 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.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:RCAAP2022-12-20T14:33:03Zoai:repositorio.uac.pt:10400.3/4807Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:27:09.072713Repositório 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
High Speed Rail
Investment
Real Options
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
author_facet Pimentel, Pedro
Azevedo-Pereira, José
Couto, Gualter
author_role author
author2 Azevedo-Pereira, José
Couto, Gualter
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade dos Açores
dc.contributor.author.fl_str_mv Pimentel, Pedro
Azevedo-Pereira, José
Couto, Gualter
dc.subject.por.fl_str_mv High Speed Rail
Investment
Real Options
topic High Speed Rail
Investment
Real Options
description The present paper investigates the optimal timing of investment for a high speed rail (HSR) project, in an uncertain environment, using a real options analysis (ROA) framework. It develops a continuous time framework with stochastic demand that allows for the determination of the optimal timing of investment and the value of the option to defer in the overall valuation of the project. The modelling approach used is based on the differential utility provided to railway users by the HSR service.
publishDate 2008
dc.date.none.fl_str_mv 2008-11
2008-11-01T00:00:00Z
2018-09-14T17:19:27Z
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/10400.3/4807
url http://hdl.handle.net/10400.3/4807
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Pimentel, Pedro; Azevedo-Pereira, José; Couto, Gualter (2008). High speed rail transport valuation, "Working Paper Series", 14, 27 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.
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 Universidade dos Açores
publisher.none.fl_str_mv Universidade dos Açores
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
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