TY  - JOUR 
TI  - Aplicación de las opciones reales en la toma de deciciones en los mercados de electricidad
JO  - ESTUDIOS GERENCIALES;Vol. 30 No. 133  Octubre/Diciembre 2014
PB  - Universidad Icesi
PY  - 2014
issn 01235923
AB  - Strategic investment decisions in power markets are subject to high risk and uncertainty, therefore Real
Options appear to be an appropriate tool to assess the decision-making processes in such markets.
This paper presents a literature review, analyzing and classifying Real Options applications in power
markets on investments and operation decisions; energy policy and programs. A synthetic application
model is presented using binomial models to introduce wind power instead of coal fired plants according
coal prices volatility. Finally it is concluded that Real Options improves the decision-making processes
better than traditional methods, as it better captures the uncertainties of this kind of market.
KW  - Facultad de Ciencias Administrativas y Económicas
KW  - Producción intelectual registrada - Universidad Icesi
KW  - Mercados
KW  - Electricidad
KW  - Valoración
KW  - Toma de decisiones
KW  - Valuation
KW  - Decision-making
UR  - http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/1892
ER  -