Real Options in Energy and Commodity Markets

Real Options in Energy and Commodity Markets PDF Author: Nicola Secomandi
Publisher: World Scientific-Now Publisher
ISBN: 9789813149403
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
The field of real options is concerned with the management and financial valuation of operational flexibility in business endeavors. From the very outset, energy and commodity markets -- which play fundamental roles in the worldwide economy -- have provided a relevant context for real option analysis, both in theory and practice. This volume is a collection of six chapters covering recent research on real options in energy and commodity markets, reflecting the significance of these markets for real option analysis. The volume is divided into two parts -- the first on theory and the second on methods and applications. The two chapters in the first part of the book respectively address commodity storage and the concept of convenience yield, and how the management of real options can be impacted by the trader's own market decisions in the context of commodity shipping. The four chapters in the second part of the book propose and apply real option models in various domains -- modeling the evolution of futures prices of emission certificates; managing copper extraction illustrated with an application to a project at Codelco, Chile, the largest copper producer in the world; the core ideas behind real option analysis in the context of the merchant management of hydrocarbon cracking operations; and optimizing the portfolio of contracts that oil refineries use to market their gasoline production.

The Geography of Competition

The Geography of Competition PDF Author: John R. Miron
Publisher: Springer Science & Business Media
ISBN: 1441956263
Category : Business & Economics
Languages : en
Pages : 474

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Book Description
This book provides a comprehensive, up-to-date, and expert synthesis of location theory. What are the impacts of a firm’s geographic location on the locations of customers, suppliers, and competitors in a market economy? How, when, and why does this result in the clustering of firms in space? When and how is society made better or worse off as a result? This book uses dozens of locational models to address aspects of these three questions. Classical location problems considered include Greenhut-Manne, Hitchcock-Koopmans, and Weber-Launhardt. The book reinterprets competitive location theory, focusing on the linkages between Walrasian price equilibrium and the localization of firms. It also demonstrates that competitive location theory offers diverse ideas about the nature of market equilibrium in geographic space and its implications for a broad range of public policies, including free trade, industrial policy, regional development, and investment in infrastructure. With an extensive bibliography and fresh, interdisciplinary approach, the book will be an invaluable reference for academics and researchers with an interest in regional science, economic geography, and urban planning, as well as policy advisors, urban planners, and consultants.

The Economic Effects of Air Transport Market Liberalisation

The Economic Effects of Air Transport Market Liberalisation PDF Author: Eyden Samunderu
Publisher: Springer Nature
ISBN: 3031618645
Category :
Languages : en
Pages : 740

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Book Description


Computational Science and Its Applications – ICCSA 2021

Computational Science and Its Applications – ICCSA 2021 PDF Author: Osvaldo Gervasi
Publisher: Springer Nature
ISBN: 3030869601
Category : Computers
Languages : en
Pages : 760

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Book Description
The ten-volume set LNCS 12949 – 12958 constitutes the proceedings of the 21st International Conference on Computational Science and Its Applications, ICCSA 2021, which was held in Cagliari, Italy, during September 13 – 16, 2021. The event was organized in a hybrid mode due to the Covid-19 pandemic. The 466 full and 18 short papers presented in these proceedings were carefully reviewed and selected from 1588 submissions. The books cover such topics as multicore architectures, mobile and wireless security, sensor networks, open source software, collaborative and social computing systems and tools, cryptography, human computer interaction, software design engineering, and others. Part II of the set follows two general tracks: geometric modeling, graphics and visualization; advanced and emerging applications. Further sections include the proceedings of the workshops: International Workshop on Advanced Transport Tools and Methods (A2TM 2021); International Workshop on Advances in Artificial Intelligence Learning Technologies: Blended Learning, STEM, Computational Thinking and Coding (AAILT 2021); International Workshop on Advancements in Applied Machine-learning and Data Analytics (AAMDA 2021). At the end of the book there is a block of short papers. The chapter "Spatial justice models: an exploratory analysis on fair distribution of opportunities" is published open access under a CC BY license (Creative Commons Attribution 4.0 International License). /div

Geographical Abstracts

Geographical Abstracts PDF Author:
Publisher:
ISBN:
Category : Geography
Languages : en
Pages : 740

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Book Description


Fragile Networks

Fragile Networks PDF Author: Anna Nagurney
Publisher: John Wiley & Sons
ISBN: 9780470501122
Category : Mathematics
Languages : en
Pages : 344

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Book Description
A unified treatment of the vulnerabilities that exist in real-world network systems—with tools to identify synergies for mergers and acquisitions Fragile Networks: Identifying Vulnerabilities and Synergies in an Uncertain World presents a comprehensive study of network systems and the roles these systems play in our everyday lives. This book successfully conceptualizes, defines, and constructs mathematically rigorous, computer-based tools for the assessment of network performance and efficiency, along with robustness and vulnerability analysis. The result is a thorough exploration that promotes an understanding of the critical infrastructure of today's network systems, from congested urban transportation networks and supply chain networks under disruption to financial networks and the Internet. The authors approach the analyses by abstracting not only topological structures of networks, but also the behavior of network users, the demand for resources, the resulting flows, and the associated costs. Following an introduction to the fundamental methodologies and tools required for network analysis and network vulnerability, the book is organized into three self-contained parts: Part I—Network Fundamentals, Efficiency Measurement, and Vulnerability Analysis explores the theoretical and practical foundations for a new network efficiency measure in order to assess the importance of network components in various network systems. Methodologies for distinct decision-making behaviors are outlined, along with the tools for qualitative analysis, the algorithms for the computation of solutions, and a thorough discussion of the unified network efficient measure and network robustness with the unified measure. Part II—Applications and Extensions examines the efficiency changes and the associated cost increments after network components are eliminated or partially damaged. A discussion of the recently established connections between transportation networks and different critical networks is provided, which demonstrates how the new network measures and robustness indices can be applied to different supply chain, financial, and dynamic networks, including the Internet and electronic power networks. Part III—Mergers and Acquisitions, Network Integration, and Synergies reveals the connections between transportation networks and different network systems and quantifies the synergies associated with the network systems, from total cost reduction to environmental impact assessment. In the case of mergers and acquisitions, the focus is on supply chain networks. The authors outline a system-optimization perspective for supply chain networks and also formalize coalition formation using game theory with insights into the merger paradox. With its numerous network examples and real-world applications, Fragile Networks: Identifying Vulnerabilities and Synergies in an Uncertain World is an excellent book for courses in network science, transportation science, operations management, and financial networks at the upper-undergraduate and graduate levels. It is also a valuable reference for researchers and practitioners in the areas of applied mathematics, computer science, operations research, management science, finance, and economics, as well as industrial, systems, and civil engineering. Listen to Dr. Nagurney's podcast Supernetworks: Building Better Real and Virtual Highways at http://www.scienceofbetter.org/podcast/ .

Discrete Choice Theory of Product Differentiation

Discrete Choice Theory of Product Differentiation PDF Author: Simon P. Anderson
Publisher: MIT Press
ISBN: 9780262011280
Category : Business & Economics
Languages : en
Pages : 454

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Book Description
"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.

Facility Location

Facility Location PDF Author: Reza Zanjirani Farahani
Publisher: Springer Science & Business Media
ISBN: 3790821519
Category : Business & Economics
Languages : en
Pages : 547

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Book Description
Location problems establish a set of facilities (resources) to minimize the cost of satisfying a set of demands (customers) with respect to a set of constraints. This book deals with location problems. It considers the relationship between location problems and other areas such as supply chains.

Natural Gas Pipeline Regulation in the United States

Natural Gas Pipeline Regulation in the United States PDF Author: Matthew E. Oliver
Publisher:
ISBN: 9781680834536
Category :
Languages : en
Pages :

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Book Description


Airline Efficiency

Airline Efficiency PDF Author: John D. Bitzan
Publisher: Emerald Group Publishing
ISBN: 1785609394
Category : Transportation
Languages : en
Pages : 388

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Book Description
An efficient air transport system is critical to countries attaining and sustaining healthy economies in an increasingly interconnected world economy. This volume 5 of Advances in Airline Economics includes literature surveys and original empirical research examining airline efficiency in the twenty first century.

Commodity Price Dynamics

Commodity Price Dynamics PDF Author: Craig Pirrong
Publisher: Cambridge University Press
ISBN: 1139501976
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.