Interaction between technology and extraction scaling real options in natural gas production

HIGHLIGHTS

• who: Paul Enders and collaborators from the Tepper SchoolMellon University have published the article: Interaction between Technology and Extraction Scaling Real Options in Natural Gas Production, in the Journal: (JOURNAL)
• what: The insights behind these results are not immediate; the authors provide detailed supportive explanations. The authors show that the optimal scaling option deployment policy is rather complex. The CT scaling option that the authors investigate is akin to the optimization of preventive maintenance decisions studied by Kamrad and Lele in a manufacturing environment with random yield and output prices. For ET level x, the . . .
  

   

  

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