The current work examines the application of system dynamics to real options through work with a major energy firm to apply real options. Five key challenges facing the real options community are presented and potential system dynamics contributions to these challenges are discussed. Two cases from a BP research project illustrate how system dynamics can be used to develop and value real options. The work shows that the use of systems dynamics in real option development and valuation can 1) address key challenges facing the real options community and increase the use of real options in the oil and gas industry 2) allow system dynamicists to offer increased value in developing and valuing flexibility and 3) open system dynamics to new markets of research collaboration and potential clients.

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Date created

• 2006 July 23-2006 July 27

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

32937c7b43e3e015509bb71fd40d2054

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

f9377a3ac7b50b1fca5e04fb6d679ec2

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives