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• 영문명: The Economic Value Analysis of the Potential Wind Farm Site Using the Black-Scholes Model
• 발행기관: 한국산업경영시스템학회
• 저자명: 심재훈(Jaehun Sim)
• 간행물 정보: 『산업경영시스템학회지』제45권 제4호, 21~30쪽, 전체 10쪽
• 주제분류: 공학 > 산업공학
• 파일형태: PDF
• 발행일자: 2022.12.31

영문 초록

To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

목차

1. 서 론

2. 문헌연구

3. 연구방법

4. 연구결과

5. 결 론

키워드

Black-Scholes Model Real Option System Dynamics and Wind Farm