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Full-Text Articles in Agriculture
Uncertainty, Irreversibility, And Investment In Secondgeneration Biofuels, Tanner Joseph Mccarty
Uncertainty, Irreversibility, And Investment In Secondgeneration Biofuels, Tanner Joseph Mccarty
Open Access Theses
The present study formalizes and quantifies the importance of uncertainty for investment in a corn-stover based cellulosic biofuel plant. Using a real options model we recover prices of gasoline that would trigger entry into the market and calculate the portion of that entry trigger price required to cover cost and the portion that corresponds to risk premium. We then discuss the effect of managerial flexibility on the entry risk premium and the prices of gasoline that would trigger mothballing, reactivation, and exit. Results show that the risk premium required by plants to enter the second-generation biofuel market is likely to …
Biomass Scoping Study: Opportunities For Agriculture In Western Australia, Kim Brooksbank, Mitchell Lever, Harriet Paterson, Melissa Weybury
Biomass Scoping Study: Opportunities For Agriculture In Western Australia, Kim Brooksbank, Mitchell Lever, Harriet Paterson, Melissa Weybury
Bulletins 4000 -
This 2014 report aims to provide a summary of national and international activity in the use of agricultural by-products for the production of bioenergy and biofuels. The summary is primarily an internal report for the Department of Agriculture and Food, Western Australia (DAFWA), but will hopefully be of some value to industry proponents that are interested in pursuing the opportunities provided by what are currently low value agricultural waste products. We outline three processes for obtaining energy from these by-products that may be appropriate for the farming sector in Western Australia (WA).