日本近海における海底熱水鉱床開発のリアルオプション分析

• 小濱 真

  Graduate School of Creative Science and Engineering, Waseda University

• 安達 毅

  International Center for Research and Education on Mineral and Energy Resources, Akita

• 所 千晴

  Faculty of Science and Engineering, Waseda University

書誌事項

タイトル別名

• Real Option Analysis for Deep-sea Mineral Resources Development in Japanese Waters
• ニホン キンカイ ニ オケル カイテイ ネッスイ コウショウ カイハツ ノ リアルオプション ブンセキ

抄録

Deep-sea minerals extraction has been attracted as domestic resources of Japan from the viewpoint of resources security. This study investigates feasibility evaluation with uncertainties for deep-sea mineral resources development project using real option analysis. Resources development has a lot of unique uncertainties. We propose multi-investments (compound option) model considering volatility of metal prices and ore deposit scale. Results from this model imply high option value at a case study of Sunrise ore deposit in Japanese EEZ, and show marginal investment prices and marginal cost to abandon the project by comparative statics. Furthermore, considering historical trend of metal prices, different types of stochastic process i.e. mean reverting process and geometric brownian motion are compared.

収録刊行物

• リアルオプション研究

  リアルオプション研究 4 (1), 101-116, 2011

  日本リアルオプション学会

キーワード

• Resources development
• resource security
• deep-sea minerals
• real option analysis

詳細情報

• CRID: 1390282680294600192
• NII論文ID: 130000670603
• NII書誌ID: AA12351380
• DOI: 10.12949/realopn.4.101
• ISSN: 18841635
• ISSN: 18815774
• NDL書誌ID: 11025721
• Web Site: https://ndlsearch.ndl.go.jp/books/R000000004-I11025721
• Web Site: https://www.jstage.jst.go.jp/article/realopn/4/1/4_1_101/_pdf
• 本文言語コード: en
• データソース種別:
  • JaLC
  • NDL
  • Crossref
  • CiNii Articles
• 抄録ライセンスフラグ: 使用不可