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Investment strategy for shallow geothermal resource based on real option model
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0002-6279-4446
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2019 (English)In: Energy Procedia, Elsevier Ltd , 2019, Vol. 158, p. 6118-6125Conference paper, Published paper (Refereed)
Abstract [en]

Shallow geothermal resource has been considered as a new and promising form for clean heating in some areas in China, such as Xiong'an New Area. In this paper, a real option model is established to explore the optimal investment timing and investment scale of shallow geothermal resources. According to numerical results, we found that in the reference scenario the critical value of marginal revenue is 4.30 yuan / m 2 , and the optimal investment scale is 1.28 million square meters. Simultaneously, the investors are advised to invest after 1.05 years and they will get the unit investment return of 39.34 yuan / m 2

Place, publisher, year, edition, pages
Elsevier Ltd , 2019. Vol. 158, p. 6118-6125
Keywords [en]
Investment strategy, Real option theory, Shallow geothermal resource, Economics, Geothermal fields, Strategic planning, Geothermal resources, Investment returns, Numerical results, Optimal investment timing, Optimal investments, Real option models, Investments
National Category
Energy Engineering
Identifiers
URN: urn:nbn:se:mdh:diva-43187DOI: 10.1016/j.egypro.2019.01.500ISI: 000471031706074Scopus ID: 2-s2.0-85063907277OAI: oai:DiVA.org:mdh-43187DiVA, id: diva2:1306946
Conference
10th International Conference on Applied Energy, ICAE 2018, 22 August 2018 through 25 August 2018
Available from: 2019-04-25 Created: 2019-04-25 Last updated: 2019-07-11Bibliographically approved

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Li, Hailong

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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