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008			090907s2009 th uu|m rtt 0| a1eng d
035			_a.b12067258
099		9	_aAIT Thesis no.OTM-09-10
100	0		_aChittree Rungcharoen
245	1	0	_aReal options analysis as an investment decision tool in oil and gas field development in Thailand
260			_aPathum Thani, Thailand : _bAsian Institute of Technology, _c2009
300			_a77 leaves : _bill.
490	1		_aThesis ; _vno. OTM-09-10
500			_aA thesis proposal submitted in partial fulfilment of the requirement 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 thesis presents the new approach of making investment decisions in the oil field development in Thailand, Real Options Analysis (ROA), and illustrates that what it is and how it can be utilized in the North and South onshore oil field development case study, which is located in the northern Thailand. It focuses on how the capacity of flexibility can maximize the expect project value and minimize the losses. There are two applications of solving the Real Options problems: the first method is the decision tree analysis plus real options and the second one is the Binomial lattice approach with a risk-neutral probability, based on Copeland and Antikarov (200 I). The results show that it can be beneficial to the project by obtaining the options, as it can add more value to the project, since the flexibilities have been taken into account. Moreover, it provides the fact that the Real Options Analysis achieves a higher expected value, compares to the traditional investment assessment (NPV) alone. It means that the higher flexibilities are added into the project, the better the decisions would be made, given the greater the expected value.
650		0	_aOil fields _xDecision making _zThailand
650		0	_aReal options (Finance) _zThailand
700	1		_aChiu, Gregory L.F., _eChairperson
700	0		_aThitisak Boonpramote, _eExamination committee
700	1		_aWidjaja, Joko Harsono, _eExamination Committee
710	2		_aRTG Fellowship, _eScholarship Donor
810	2		_aAsian Institute of Technology. _tThesis ; _vno. OTM-09-10
856			_3Full-Text _uhttp://203.159.5.9/ait-thesis/detail.php?q=B03595
907			_a.b12067258 _bmnait _cu
902			_a240329
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