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Energy Investments: An Adaptive Approach to Profiting from Uncertainties

Autor Ricardo G. Barcelona
en Limba Engleză Paperback – 24 noi 2017
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.  
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Specificații

ISBN-13: 9781137591388
ISBN-10: 1137591382
Pagini: 455
Ilustrații: XXIX, 496 p. 71 illus.
Dimensiuni: 155 x 235 x 35 mm
Greutate: 0.73 kg
Ediția:1st ed. 2017
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Locul publicării:London, United Kingdom

Cuprins

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"?.

Notă biografică

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. 

Textul de pe ultima copertă

‘Ricardo Barcelona addresses the thornier issues of energy strategy. In this book he moves from the certainties assured by financial modelling to explore the tough questions that astute practitioners ask themselves – why do things never turn out as they were projected? Is energy strategy always going to be a tale of unfulfilled promises? His research findings and his insights make a must read for anyone in this field.’
Patrick H. “Paddy” Miller, Author, Innovation as Usual, Hong Kong
 
The book offers rigour, depth, and relevance in tackling approaches that prove sustainable and transformational for business and society.’Juan Miranda, Managing General Director, Asian Development Bank
 
‘The book is timely in that it provides good insights on how to address the uncertainty and volatility facing today's energy markets. A good read for anyone involved in the energy sector.’
Stephen A. Paradies, Board Director, Union Bank, and former Chief Financial Officer, Aboitiz Equity Ventures, Philippines
 
‘Containing original insights into the financing and economics of the energy industry, this book should be read by those working in and studying the future of the energy sector.’
David Parker, Emeritus Professor of Economics, Cranfield University School of Management, and former member, Competition Commission, United Kingdom


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.  


Caracteristici

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