Skip to main content
Conference Proceedings

Valuation of a Crude Oil Refinery in Brazil Under a Real Options Approach

Springer Proceedings in Business and Economics (2020) 491-499
DOI: 10.1007/978-3-030-23816-2_48
1Citations
Citations of this article
1Readers
Mendeley users who have this article in their library.
Get full text

Abstract

Oil refineries are complex projects subject to uncertainties. Given that Brazil is an oil product importer, this work provides an investment analysis of a refinery considering managerial flexibilities. Crack spread and exchange rate are modeled as stochastic processes and the deferral and shutdown options are evaluated.

Author supplied keywords

Cite

CITATION STYLE

APA

de Castro Lopes, C., Blank, F. F., & Valladão, D. M. (2020). Valuation of a Crude Oil Refinery in Brazil Under a Real Options Approach. In Springer Proceedings in Business and Economics (pp. 491–499). Springer Science and Business Media B.V. https://doi.org/10.1007/978-3-030-23816-2_48

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free