TY - GEN
T1 - Fuzzy real options valuation for oil investments
AU - Kahraman, Cengiz
AU - Uçal, Irem
PY - 2008
Y1 - 2008
N2 - Energy investments, that have a large portion in the world economy, have immense uncertainty. Traditional valuation methods are less viable in that situation and other methods which can minimize uncertainty become more important. In this study, firstly discounted cash flows (DCF) analysis, which is one of the traditional valuation methods, is compared to real options valuation (ROV) which decreases the uncertainty. Next, fuzzy discounted cash flows (FDCF) analysis and fuzzy real options valuation (FROV) are applied to the same oilfield data. In conclusion the results of these four valuation methods are compared.
AB - Energy investments, that have a large portion in the world economy, have immense uncertainty. Traditional valuation methods are less viable in that situation and other methods which can minimize uncertainty become more important. In this study, firstly discounted cash flows (DCF) analysis, which is one of the traditional valuation methods, is compared to real options valuation (ROV) which decreases the uncertainty. Next, fuzzy discounted cash flows (FDCF) analysis and fuzzy real options valuation (FROV) are applied to the same oilfield data. In conclusion the results of these four valuation methods are compared.
UR - https://www.scopus.com/pages/publications/58049175635
U2 - 10.1142/9789812799470_0168
DO - 10.1142/9789812799470_0168
M3 - Conference contribution
AN - SCOPUS:58049175635
SN - 981279946X
SN - 9789812799463
T3 - World Scientific Proceedings Series on Computer Engineering and Information Science 1; Computational Intelligence in Decision and Control - Proceedings of the 8th International FLINS Conference
SP - 1027
EP - 1032
BT - World Scientific Proceedings Series on Computer Engineering and Information Science 1; Computational Intelligence in Decision and Control - Proceedings of the 8th International FLINS Conference
PB - World Scientific Publishing Co. Pte Ltd
T2 - Computational Intelligence in Decision and Control - 8th International FLINS Conference
Y2 - 21 September 2008 through 24 September 2008
ER -