Title :
Research of EMC Based BIPV Project´s B-S Pricing Model and Benefit Sharing Method
Author :
Liu, Yi ; Zhang, Xu ; Ma, Min
Author_Institution :
Sch. of Bus. & Adm., North China Electr. Power Univ., Beijing, China
Abstract :
In this paper, based on the general theory of real options, combined with features of EMC method and actual situation of BIPV project, a detailed analysis of the BIPV project´s real option characteristics based on EMC was carried out. The B-S option pricing model was used for the evaluation of its investment value, and according to which the profit sharing method including the option value was proposed. This method takes into account the investment opportunities brought to the project by the future uncertainty of the project, so its evaluation to the project is more comprehensive and advanced than the traditional NPV (Net Present Value) method.
Keywords :
electromagnetic compatibility; investment; pricing; B-S pricing model; BIPV; EMC; benefit sharing method; general theory; investment value; net present value method; profit sharing method; real option characteristics; Building integrated photovoltaics; Costs; Electromagnetic compatibility; Energy consumption; Investments; Photovoltaic systems; Pricing; Solar energy; Solar power generation; Uncertainty; B-S model; BIPV(Building Integrated Photovoltaic); EMC(Energy Management Contracting); NPV;
Conference_Titel :
Energy and Environment Technology, 2009. ICEET '09. International Conference on
Conference_Location :
Guilin, Guangxi
Print_ISBN :
978-0-7695-3819-8
DOI :
10.1109/ICEET.2009.288
