首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Does the aviation Emission Trading System influence the financial evaluation of new airplanes? An assessment of present values and purchase options
Institution:1. Department of Mechanical Engineering, Fasa University, Fasa, Iran;2. Department of Mechanical Engineering, Shiraz University, Shiraz 71936, Iran
Abstract:In this paper we assess the impact of the CO2 costs for short- and long-haul aircraft based on present values and on purchase options. We evaluate purchase options with a framework developed for real option analysis to estimate the value of flexibility under uncertain kerosene and CO2 prices. We find an average influence of CO2 costs on present values of €1.1 million for the short haul plane and €4.1 million for the long-haul plane over the typical lifetime of an airplane. For purchase options, we find a CO2 influence of €0.43 million for the long-haul plane and a moderate impact for the short-haul plane. The results underline the importance of CO2 and kerosene costs for long-haul aircraft.
Keywords:
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号