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buying real options – valuing uncertainty in infrastructure planning

 
Titel
Buying real options – Valuing uncertainty in infrastructure planning
Type
artikel vakblad
Referentie

Herder, Paulien M.; Jeroen de Joode; Andreas Ligtvoet; Sigrid Schenk and Poonam Taneja: Buying real options – Valuing uncertainty in infrastructure planning, pp. 961-969.In: Futures, Volume 43, Issue 9 (November 2011). [s.l.]: Elsevier Science, 2011. ISSN: 0016-3287.

Auteurs
Paulien Herder
 
Jeroen de Joode
 
Andreas Ligtvoet
 
Sigrid Schenk
 
Poonam Taneja
Beschrijving

For the last two decades real options thinking has been heralded as a new approach for handling uncertainty in investment decisions. However, application of the approach in infrastructure investment decision-making is negligible thus far. In this contribution we address the question: what are the barriers for the implementation of the real option approach (ROA) in practice? We focus on the experiences in several infrastructure-bound sectors: spatial planning and transport, ports, and energy.

We conclude that the ROA maturity levels of these different sectors are quite different, and we ascribe these differences to the political setting, the institutional setting and the organisational flexibility of the sectors and their stakeholders. We suggest that the same issues apply to other advanced, quantitative methods.

Projecten
Cooperation in socio-technical systems as a response to uncertainty in energy supply
 
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Uncertainty and flexibility on infrastructures systems towards a synthesis

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