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008			090907s2009 th uu|m rtt 0| a1eng d
035			_a.b12067246
099		9	_aAIT Thesis no.OTM-09-09
100	0		_aNantaphat Chotsubyodchana
245	1	0	_aCorporate risk tolerance assessment and its application on optimal working interest : _bthe case of E&P industry in Thailand
260			_aPathum Thani, Thailand : _bAsian Institute of Technology, _c2009
300			_a104 p. : _bill.
490	1		_aThesis ; _vno. OTM-09-09
500			_aA thesis proposal submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Offshore Technology and Management, School of Engineering and Technology
502			_aThesis (M.Eng.) - Asian Institute of Technology, 2009
520			_aThis study presents a measure of corporate risk taking that conforms to the behavior of the decision makers which have concern with notion of risk in the petroleum E&P firm in Thailand. The two group of respondent is required to asses the important main parameters which are risk tolerance and consistency measure are the manager levels who have a authority making a decision and technical levels who never experience in decision making. The questionnaire is designed based on concept of risk aversion and it consists of ten risky prospects which have different between NPV and the probability. Moreover, this study illustrates how to select the optimal working interest in any projects while the traditional method can not suggest the most suitable choice in the risky condition. The results of this study illustrate that the manager levels are less risk averse and more consistent in terms of financial risk taking due to their experience for decision making and the corporate risk tolerance is set from $76 to $86 million. This values are the created the well-communication between the decision makers to better understanding the business strategies for the company. In addition, the preference theory suggests that the company should invest in three projects with 37%,41 % and 58% working interest respectively, whereas the traditional approach suggests that it should incur only 100% working interest on order to get the maximum profit, on the other hand, in failure, it will loss at maximum.
650		0	_aEnergy industries _xRisk assessment _zThailand
650		0	_aRisk assessment _zThailand
700	1		_aChiu, Gregory L.F., _eChairperson
700	0		_aThitisak Boonpramote, _eCo-chairperson
700	1		_aWidjaja, Joko Harsono, _eExamination Committee
710	2		_aRoyal Thai Government, _eScholarship donor
810	2		_aAsian Institute of Technology. _tThesis ; _vno. OTM-09-09
856			_3Full-Text _uhttp://203.159.5.9/ait-thesis/detail.php?q=B03594
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