Title :
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
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;
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
DOI :
10.1109/ITAPP.2010.5566539
