Aplicación de las opciones reales en la toma de decisiones en los mercados de electricidad

Autores

  • Felipe Isaza Cuervo Profesor Auxiliar, Programa de Ingeniería Financiera, Universidad de Medellín, Medellín
  • Sergio Botero Botero Profesor Asociado, Facultad de Minas, Universidad Nacional de Colombia, Medellín

DOI:

https://doi.org/10.1016/j.estger.2014.06.003

Palavras-chave:

Opciones reales, Mercados de electricidad, Valoración, Toma de decisiones, Energía eólica

Resumo

Las decisiones estratégicas en los mercados de electricidad están sujetas a un alto riesgo e incertidumbre; en consecuencia, las opciones reales aparecen como una alternativa para la toma de decisiones en dichos mercados. En el presente artículo se realiza una revisión de literatura analizando y clasificando aplicaciones de opciones reales sobre decisiones de inversión, operación, y de políticas y programas energéticos. Además se presenta un ejemplo sintético de aplicación teórico utilizando un modelo binomial para incor- porar energía eólica en vez de térmica de acuerdo con la volatilidad de los precios del carbón. Se concluye que las opciones reales permiten tomar mejores decisiones que los métodos tradicionales, pues capturan a través de sus múltiples modelos las diferentes incertidumbres propias de estos mercados.

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Publicado

2014-11-30

Edição

Seção

Artigos de pesquisa

Como Citar

Aplicación de las opciones reales en la toma de decisiones en los mercados de electricidad. (2014). Estudios Gerenciales, 30(133), 397-407. https://doi.org/10.1016/j.estger.2014.06.003