Sequencing Infrastructure Investments under Deep Uncertainty Using Real Options Analysis
作者: Nishtha ManochaVladan Babovic
作者单位: 1Department of Civil and Environmental Engineering, National University of Singapore, Singapore 117576, Singapore
刊名: Water, 2018, Vol.10 (2)
来源数据库: Directory of Open Access Journals
DOI: 10.3390/w10020229
关键词: Deep uncertaintyReal Options AnalysisSequencing approaches
原始语种摘要: The adaptation tipping point and adaptation pathway approach developed to make decisions under deep uncertainty do not shed light on which among the multiple available pathways should be chosen as the preferred pathway. This creates the need to extend these approaches by means of suitable tools that can help sequence actions and subsequently enable the outlining of relevant policies. This paper presents two sequencing approaches, namely, the “Build to Target” and “Build Up” approach, to aid in sub-selecting a set of preferred pathways. Both approaches differ in the levels of flexibility they offer. They are exemplified by means of two case studies wherein the Net Present Valuation and the Real Options Analysis are employed as selection criterions. The results demonstrate the benefit of...
全文获取路径: DOAJ  (合作)

  • uncertainty 不定
  • flexibility 柔顺性
  • Analysis 分析
  • approach 
  • valuation 评价
  • economic 经济的
  • selection 选择
  • relevant 有关联的
  • preferred 可取
  • extend 延长