Investment Decision of Overseas Project for Petroleum Enterprises in Competitive Condition

Author

Zheng Yuhua ; Luo Dongkun

Author_Institution

Sch. of Bus. Adm., China Univ. of Pet., Beijing, China

fYear

2010

fDate

20-22 Aug. 2010

Firstpage

1

Lastpage

4

Abstract

Investing in overseas oil and gas resources is part of the investment strategy of Chinese petroleum enterprises. Investment of overseas project is marked by greater uncertainty and more intense competitiveness thus making evaluation of the project and the assessment of investment opportunity more valuable. Based on the Game Option Method, value of investment opportunity and trigger point under monopoly condition were discussed. Then effects of competitiveness on investment opportunity and trigger point were also analyzed. The best investment strategies for the monopoly enterprise and enterprise under competitive condition were given.

Keywords

competitive intelligence; decision making; game theory; investment; monopoly; petroleum industry; Chinese petroleum enterprise; game option method; investment decision; investment strategy; monopoly enterprise; overseas oil & gas resource; overseas project; trigger point; Companies; Equations; Fluctuations; Hazards; Investments; Monopoly; Petroleum;

fLanguage

English

Publisher

ieee

Conference_Titel

Internet Technology and Applications, 2010 International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-5142-5

Electronic_ISBN

978-1-4244-5143-2

Type

conf

DOI

10.1109/ITAPP.2010.5566539

Filename

5566539