Publication
Introducing random investment in high speed rail transport valuation
| dc.contributor.author | Couto, Gualter | |
| dc.contributor.author | Nunes, Cláudia | |
| dc.contributor.author | Pimentel, Pedro | |
| dc.date.accessioned | 2019-03-20T18:56:00Z | |
| dc.date.available | 2019-03-20T18:56:00Z | |
| dc.date.issued | 2012-11 | |
| dc.description.abstract | In this paper, we extend Couto et al. (2012) high-speed rail (HSR) transport valuation model based on real options analysis, in order to embrace random investment. Optimal timing to invest, value of the option to defer and investment opportunity value are assessed considering uncertainty upon HSR demand and investment expenditures, both following a geometric Brownian motion with jumps driven by Poisson processes. Numerical results presented, showing the consistence with the former model and the additional uncertainty impact. | en |
| dc.description.version | N/A | pt_PT |
| dc.identifier.citation | Couto, Gualter; Nunes, Cláudia; Pimentel, Pedro (2012). Introducing random investment in high speed rail transport valuation, “Working Paper Series” nº 9/12, 17 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A. | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.3/5043 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Universidade dos Açores | pt_PT |
| dc.subject | High-Speed Rail | en |
| dc.subject | Transport Valuation | en |
| dc.title | Introducing random investment in high speed rail transport valuation | en |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| oaire.citation.conferencePlace | Ponta Delgada, Açores | pt_PT |
| oaire.citation.endPage | 17 | pt_PT |
| oaire.citation.startPage | 1 | pt_PT |
| oaire.citation.title | CEEAplA-A - Working Paper Series | pt_PT |
| person.familyName | Couto | |
| person.familyName | Pimentel | |
| person.givenName | Gualter | |
| person.givenName | Pedro | |
| person.identifier.ciencia-id | 9812-2946-E06F | |
| person.identifier.ciencia-id | 9C19-6CDD-AF3E | |
| person.identifier.orcid | 0000-0001-5560-5101 | |
| person.identifier.orcid | 0000-0003-1056-0338 | |
| person.identifier.rid | M-4559-2013 | |
| person.identifier.scopus-author-id | 36023223200 | |
| person.identifier.scopus-author-id | 54930676400 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |
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| relation.isAuthorOfPublication.latestForDiscovery | 28d3b5ee-22cb-4f02-b3ff-87efdcc43be9 |