Abstract
Based on the real option theory, this paper made a decision analysis on China's nuclear power generation investment projects. The model considered the investment cost of nuclear power projects, fixed costs, electricity prices and carbon prices. From the perspective of power generation enterprises, modeling and analyzing the value of enterprise investment nuclear power projects, and added market linkage in the model. In the scenario simulation, the Monte Carlo least squares method was used to simulate the project option value, so as to obtain the option value of the project, and the actual investment value of the nuclear power project was analyzed from the perspective of options. Then the impact of investment cost, electricity price, carbon price and fixed cost on the investment value of the project was analyzed separately. Research shows that under the existing nuclear power investment environment in China, the investment value of enterprises investing in nuclear power is negative, and enterprises will not invest in nuclear power projects. However, in the case of falling investment costs and rising carbon dioxide trading prices, the investment value of nuclear power projects will become positive, and enterprises will invest in nuclear power projects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
