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Energy Investments, 1st ed. 2017 An Adaptive Approach to Profiting from Uncertainties

Langue : Anglais

Auteur :

Couverture de l’ouvrage Energy Investments

This book examines what lies behind the uncertainties surrounding the fuel and power markets. Exploring the role of renewables and how they potentially disrupt or create opportunities, it challenges widely accepted wisdoms in investment. The author asks questions such as: Are ?business as usual? strategies that favour fossil fuels the best route to future prosperity? What prospects do firms face when their competitors diversify into renewables? Why do generous subsidies to renewables often fail to achieve wide-scale deployment? Illustrating how real options and option games reasoning yield vastly different insights from those gained from NPVs, Energy Investments offers case studies and simulations to demonstrate how firms can benefit from the methods it showcases.  

Part I. Decision Context.- 1. Decision Framing.- 2. Energy Transitions.- 3. Getting the Sums Wrong.- 4. Strategic Myopia and Certainty.- Part II. Managerial Flexibility and Competition.- 5. Why Flexibility.- 6. Valuing Managerial Flexibility.- 7. Option Games Rivals Play.- 8. Dynamic Competition.- Part III. Energy Markets and Regulatory Actions.- 9. Markets are not created Equal.- 10. Subsidies.- Part IV. Financing and Portfolio Management.- 11. Accessing Funding.- 12. Climate Financing.- 13. Acquire or Build.- Part V. Analytical Foundation and Methodologies.- 14. Costing Energy.- 15. Appropriating Payoffs.- 16. Doing the Managerial Flexibility Maths.- Part VI. Reflections and What Next.-  17. "So What" and "What Next"?.

Ricardo G. Barcelona, PhD in Management, King’s College London, United Kingdom, lectures at leading business schools. He served in senior leadership roles at Royal Dutch Shell, Netherlands and London. As investment banker, he was top rated equity analyst and adviser whilst at SBC Warburg and ABN Amro/Rothschild. 

Re-examines uncertainty in energy investments

Presents an alternative framework for existing decision-making processes in the energy industry

Provides detailed case studies illustrating how new decision theory can be applied in firms, and highlights the importance of decision outcomes

Includes supplementary material: sn.pub/extras