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Contribution Details
Type | Master's Thesis |
Scope | Discipline-based scholarship |
Title | Real-Option Valuation of a Capital-Investment Project in Sustainable Aviation Fuel Production |
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Institution | University of Zurich |
Faculty | Faculty of Business, Economics and Informatics |
Date | 2023 |
Abstract Text | To curb CO2 emissions to limit the effects of climate change, a global shift towards the uptake of Sustainable Aviation Fuels (SAF) is needed. The literature review summarizes the status quo in the production of SAF. In the experimental part, a capital investment project for pro-duction of SAF is valued as a real option (RO), and RO value is contrasted with Net Present Value (NPV). Several cost and cash flow cases are calculated, with several combinations of parameters in the option model. The results show that project is unprofitable, but the RO value behaves as predicted by the theory. |
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