基于暂停期权的低碳发电项目投资决策研究——以秸秆发电项目为例  

Research on the Decision-making in Low Carbon Power Generation Investment Based on Mothballing Option——with the straw power generation projects as the case study

作　　者：高波[1] 张国兴[2] 郭菊娥[1] 

机构地区：[1]西安交通大学管理学院,西安陕西710049 [2]兰州大学管理学院,兰州甘肃730000

出　　处：《长沙理工大学学报（社会科学版）》2010年第6期50-54,共5页Journal of Changsha University of Science and Technology：Social Science

摘　　要：低碳发电对于我国改善能源结构,保障能源安全,实现经济社会可持续发展有着重要的意义。考虑到电力项目的运营特点,论文构建了基于暂停期权的低碳发电项目投资价值模型及投资临界值计算模型,测算了我国现阶段秸秆发电项目的投资临界值及其对投资成本、可变成本、固定成本、政府补贴、需求量以及碳交易价格的敏感性,并针对不同敏感性因素给出了相应的决策建议。For China carbon generation has an important significance to improving the energy structure,ensuring energy security and achieving sustainable economic and social development.According to the operating characteristics of power projects,this paper constructs a straw power generation investment value model and threshold value model based on mothballing option,and measures investment threshold value under the influence of the investment costs,variable costs,fixed costs,government subsidies,demand and CERs price.We also gave the some advice to every sensitivity factor.

关 键 词：投资决策 暂停期权 低碳 秸秆发电 

分 类 号：F830.59[经济管理—金融学]